Valar Ventures pulls in over $133m for flagship fund 4

Valar Ventures has raised more than $133m for its Valar Global Fund IV, reaching what appears to be its final close.

The tech focused investor has secured capital commitments from at least 35 LPs so far, according to documents submitted to the US Securities and Exchange Commission. While Valar has reached the fundraising goal listed on the filing, it unclear whether the amount listed is the target or hard cap.

This vehicle is latest iteration from the firm established by PayPal co-founder and early Facebook-backer Peter Thiel.

The firm is very active in the FinTech market having backed up to six startups in the space this year. Most recently, the firm took part in the €20m Series B of France-based challenger bank Qonto – last year, the company raised a €10m round which was also supported by Valar.

Earlier in the year, Valar led the $13m Series A round of mobile assistant for tax declarations Taxfix to support the company with expanding internationally.

Other FinTechs in its portfolio include personal finance app Even, digital life insurance startup Bestow, European digital bank N26 and P2P exchange platform TransferWise.

Valar typically invests in high-margin, fast-growing technology companies that are pursuing huge market opportunities, according to its website.

New York-based Valar is led by former Thiel Capital COO James Fitzgerald and ex-PayPal executive Andrew McCormack.

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