Valar Ventures
Valar Ventures is a US-based venture capital fund founded by Andrew McCormack, James Fitzgerald and Peter Thiel. The company has invested primarily in technology startups outside of the United States and has backed companies in countries spanning the globe, including Australia, New Zealand, Brazil, Canada, and the UK.[1] The firm originally spun out of Thiel Capital,[2] Peter Thiel's global parent company based in San Francisco, and is now headquartered near Union Square in New York City.[3]
Andrew McCormack and James Fitzgerald are the managing partners of the firm. Peter Thiel serves as its chairman.
Investments
Valar was notably the first US-based venture fund to invest in Xero. The fund made its initial investment in Xero in October 2010 at a company valuation of approximately $98 million.[4] Since then, the firm has spearheaded successive rounds of investment in Xero[5] as the company's market cap has grown to more than $4 billion as of February 2014.[6]
Valar initially raised approximately $32 million for a New Zealand-specific fund in 2010.[7] More recently, Valar has raised and made investments through additional funds, including investments in the following:
- Breather[8]
- Canopy Labs[9]
- ContaAzul[10]
- Descomplica[11]
- Granify[12]
- Number26[13]
- Oppa[14]
- ScriptRock[15]
- TransferWise[16][17]
- Vend[18]
- Xero[19]
References
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