# Valar Ventures: portfolio, investments and team

> Valar Ventures is a vc firm based in United States. 90 investments on record, 6 in the last 12 months, latest Feb 2026.

Source: https://millionrounds.com/fund/valar-ventures-llc (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Valar Ventures

Last cheque observed Feb 2026; 90 cheques on record.

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Deploying now New fund $11M, Apr 2020 VC firm

Seed Series A Series B Fintech Technology

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Deploying now

**50%** of best year **6** **cheques in 12 months**, 90 on record

Since the last cheque **247** days **00** hrs **00** min **00** sec

Median round **$19M** Rounds led **4 of 90** Sole investor **5 rounds** Exits **1 from the portfolio** Mostly in **United States, 42%**

Pitch Valar Ventures

## Valar Ventures highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Seed and Series B: 50% of its rounds
- 03 Sole investor in 5 rounds, median $23M
- 04 1 exits from the portfolio

## What they do

> We invest in high-margin, fast-growing technology companies across the globe. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Fintech Technology
- **Based in:** New York, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **90 appearances**

- **2026** 2 rounds
- **Feb** **[UpGuard](https://millionrounds.com/company/upguard)** Series C · Ventureburn **$75M** With 6 others
- **Feb** **[Bound](https://millionrounds.com/company/bound)** Series A · GB **$25M** With 4 others
- **2025** 9 rounds
- **Dec** **[Octane](https://millionrounds.com/company/octane)** Series F · US · Crunchbase News **$100M** *Led*
- **Dec** **[Zed](https://millionrounds.com/company/zed)** Series A · PH · Crunchbase News **$17M** With 1 other
- **Dec** **[Mondu](https://millionrounds.com/company/mondu)** Debt · DE **$117M** With 3 others
- **Dec** **[Octane](https://millionrounds.com/company/octane)** Series F · US **$50M** With 2 others
- **Oct** **[Velocity](https://millionrounds.com/company/velocity)** Series A · US **$740K** With 3 others
- **Jul** **[Panacea Financial](https://millionrounds.com/company/panacea-financial)** Series B · US **$37M** Sole investor
- **Jun** **[Syfe](https://millionrounds.com/company/syfe)** Series C · SG **$53M** With 1 other
- **May** **[Bestow](https://millionrounds.com/company/bestow)** Series D · US **$70M** With 3 others
- **Jan** **[Ivy](https://millionrounds.com/company/ivy)** Venture · DE **$30M** With 4 others
- **2024** 12 rounds
- **Nov** **[Abbey Cross](https://millionrounds.com/company/abbey-cross)** Seed · GB **$2.0M** With 2 others
- **Nov** **[Parker](https://millionrounds.com/company/parker)** Series B · US **$20M** With 3 others
- **Sept** **[LiveFlow](https://millionrounds.com/company/liveflow)** Series A · US **$14M** With 4 others
- **Sept** **[One Trading](https://millionrounds.com/company/one-trading)** Venture · IT **Undisclosed** With 3 others
- **Jun** **[Hero](https://millionrounds.com/company/hero)** Series A · US **$12M** With 3 others
- **Jun** **[Moss](https://millionrounds.com/company/moss)** Venture · DE **Undisclosed** With 6 others
- **May** **[MAJORITY](https://millionrounds.com/company/majority)** Series B · SE **$29M** With 1 other
- **May** **[MAJORITY](https://millionrounds.com/company/majority)** Series B · SE **$13M** With 1 other
- **May** **[Ember](https://millionrounds.com/company/ember)** Seed · GB **$6.4M** With 2 others
- **Mar** **[❜embed](https://millionrounds.com/company/embed)** Seed · SG **$5.4M** With 3 others
- **Feb** **[Monite](https://millionrounds.com/company/monite)** Seed · DE **$6.0M** With 4 others
- **Jan** **[Kafene](https://millionrounds.com/company/kafene)** Debt · US **$15M** With 5 others
- **2023** 5 rounds
- **Oct** **[Prism Data](https://millionrounds.com/company/prism-data)** Seed · US **$5.0M** With 2 others
- **Jul** **[Homie](https://millionrounds.com/company/homie)** Series B · MX **$500K** With 3 others
- **Jun** **[Atoa](https://millionrounds.com/company/atoa)** Seed · GB **$6.5M** With 2 others
- **Jun** **[Vergo](https://millionrounds.com/company/vergo)** Seed · US **$5.0M** With 3 others
- **Jan** **[Link Financial Technologies](https://millionrounds.com/company/link-financial-technologies)** Series A · US **$20M** With 4 others
- **2022** 9 rounds
- **Nov** **[TreeCard](https://millionrounds.com/company/treecard)** Series A · GB **$23M** With 3 others
- **Oct** **[Maplerad](https://millionrounds.com/company/maplerad)** Seed **$6.0M** With 2 others
- **Oct** **[Shares](https://millionrounds.com/company/shares)** Venture · GB **Undisclosed** With 4 others
- **Sept** **[Portofino Technologies](https://millionrounds.com/company/portofino-technologies)** Venture · CH **$50M** With 2 others
- **Sept** **[Regate](https://millionrounds.com/company/regate)** Series A · FR **$19M** With 1 other
- **Apr** **[Taxfix](https://millionrounds.com/company/taxfix)** Series D · DE **$220M** With 3 others
- **Apr** **[XanPool](https://millionrounds.com/company/xanpool)** Series B · SG **$41M** With 4 others
- **Mar** **[Hopscotch](https://millionrounds.com/company/hopscotch)** Seed · US **$6.1M** With 4 others
- **Feb** **[LoanStreet](https://millionrounds.com/company/loanstreet)** Series B · US **$25M** With 3 others
- **2021** 8 rounds
- **Dec** **[Nearside](https://millionrounds.com/company/nearside)** Series B · US **$58M** With 4 others
- **Aug** **[Seek](https://millionrounds.com/company/seek)** Seed · US **$4.0M** With 3 others
- **Aug** **[Bitpanda](https://millionrounds.com/company/bitpanda)** Series C · AT **$263M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

AS **Alison Stacey Berger** CFO i Form ADV

AJ **Andrew John Mccormack** Managing Member of General Partner i Filing they signed

JE **James Eugene Fitzgerald** Managing Member of General Partner i Filing they signed

PA **Peter Andreas Thiel** Member i Form ADV

RK **Reuben Kobulnik** COO i Form ADV

We also hold **12** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$4.1B** gross assets of its funds, 2 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Valar Ventures LLC
- **SEC number:** CRD 162251

## What they claim to have backed

From their own portfolio page (on their website)

**23** of 32 we have independently watched raise

[Albo](https://millionrounds.com/company/albo)[Augustus](https://millionrounds.com/company/augustus)[Bestow](https://millionrounds.com/company/bestow)[Bitpanda](https://millionrounds.com/company/bitpanda)[Bukuwarung](https://millionrounds.com/company/bukuwarung)[Even](https://millionrounds.com/company/even)[Getmoss](https://millionrounds.com/company/moss)[Link](https://millionrounds.com/company/link)[Liveflow](https://millionrounds.com/company/liveflow)[Majority](https://millionrounds.com/company/majority)[Mondu](https://millionrounds.com/company/mondu)[N26](https://millionrounds.com/company/n26)[Neofinancial](https://millionrounds.com/company/neo-financial)[Novo](https://millionrounds.com/company/novo)[Onetrading](https://millionrounds.com/company/one-trading)[Panaceafinancial](https://millionrounds.com/company/panacea-financial)[Qonto](https://millionrounds.com/company/qonto)[Shares](https://millionrounds.com/company/shares)[Shopup](https://millionrounds.com/company/shopup)[Stash](https://millionrounds.com/company/stash)[Syfe](https://millionrounds.com/company/syfe)[Xero](https://millionrounds.com/company/xero)[taxfix.de/en](https://millionrounds.com/company/taxfix) Atlascard Gaiafamily Getbaraka Heropay Kuda Octane Regate Velocity Wise

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Relay](https://millionrounds.com/company/relay)** Bought by Kik **$38M** Nov 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$11M**

raised in Apr 2020

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$19M** the round, not its cheque Alone, median **$23M**

Led 4 of 90 rounds **4%**

- **Sole investor:** 5 rounds
- **Last cheque:** Feb 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *20*
- Series B said *19*
- Series A said *19*
- Venture *14*
- Series C *6*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [500 Global](https://millionrounds.com/fund/500-startups) 7
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 7
- [Presight Capital](https://millionrounds.com/fund/presight-capital) 5
- [Seedcamp](https://millionrounds.com/fund/seedcamp) 5
- [Square Peg Capital](https://millionrounds.com/fund/square-peg-capital) 5
- [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) 4

**Pitching Valar Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Valar Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**500 Global** Angel **7** rounds together](https://millionrounds.com/fund/500-startups)[**BDC Capital** VC firm **7** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Presight Capital** VC firm **5** rounds together](https://millionrounds.com/fund/presight-capital)[**Seedcamp** VC firm **5** rounds together](https://millionrounds.com/fund/seedcamp)[**Square Peg Capital** VC firm **5** rounds together](https://millionrounds.com/fund/square-peg-capital)[**Global Founders Capital** VC firm **4** rounds together](https://millionrounds.com/fund/global-founders-capital)[**Index Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/index-ventures)[**Monashees** VC firm **4** rounds together](https://millionrounds.com/fund/monashees)[**Social Capital** VC firm **4** rounds together](https://millionrounds.com/fund/social-capital)[**Third Prime** VC firm **4** rounds together](https://millionrounds.com/fund/third-prime)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Album VC** VC firm **3** rounds together](https://millionrounds.com/fund/album)

## Recently backed

The latest companies Valar Ventures put money into.

[**UpGuard** $75M · Feb 2026](https://millionrounds.com/company/upguard)[**Bound** $25M · Feb 2026](https://millionrounds.com/company/bound)[**Octane** $100M · Dec 2025](https://millionrounds.com/company/octane)[**Mondu** $117M · Dec 2025](https://millionrounds.com/company/mondu)[**Velocity** $740K · Oct 2025](https://millionrounds.com/company/velocity)[**Panacea Financial** $37M · Jul 2025](https://millionrounds.com/company/panacea-financial)

## On podcasts

2 episodes naming Valar Ventures in the title, and 3 more that mention it.

- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 10 Nov 2022 · 50 min Valar Ventures Andrew McCormack on running concentrated portfolios with higher ownership vs. larger portfolios, learnings from working with Peter Thiel, and thoughts on valuations today With [Andrew McCormack](https://millionrounds.com/person/andrew-mccormack) Mentions [Peter Thiel](https://millionrounds.com/fund/peter-thiel)[Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc)[Clarium Capital](https://millionrounds.com/fund/clarium-capital) *+1* Apple PodcastsShow page
- [This Much I Know](https://millionrounds.com/podcasts/this-much-i-know) 24 Mar 2015 · 36 min Andrew & James of Valar Ventures Mentions [Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc) Apple PodcastsShow page

### Mentioned in

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 9 Apr 2025 · 25 min Powering Specialty Lending: Octane’s Jason Guss Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 17 Jan 2020 · 57 min 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta Apple PodcastsShow page
- [This Much I Know](https://millionrounds.com/podcasts/this-much-i-know) 15 Jan 2019 · 1h 3m Kristo Käärmann on building TransferWise, the 'Robin Hood' of currency exchange Apple PodcastsShow page

## Quick answers about Valar Ventures

### What does Valar Ventures invest in?

Valar Ventures invests most often at Seed and Series B (50% of the rounds on record), in sectors such as Fintech and Technology.

### How active is Valar Ventures?

90 investments on record, 6 of them in the last 12 months, and it led 4. The most recent was in Feb 2026.

### What has Valar Ventures invested in recently?

Its most recent investments on record: UpGuard (Series C, Feb 2026), Bound (Series A, Feb 2026) and Octane (Series F, Dec 2025).

### How big are Valar Ventures's cheques?

The median round it joins is $19M.

### Does Valar Ventures lead rounds?

Sometimes: it led 4 of its 90 investments on record (4%).

### Where does Valar Ventures invest?

Most of the companies it backs are in the United States (42%), the United Kingdom (16%) and Germany (13%).

### Is Valar Ventures investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does Valar Ventures invest alongside?

Most often 500 Global (7 rounds together), BDC Capital (7 rounds together) and Presight Capital (5 rounds together).

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