EFTA01123862Set 9
2015-06-3011p3,763w
date - a $12 million Series B Total Invested: $93.6M
investment in Montreal-based Breather - and the Fund's smallest major
investment so far - a $2 million Series Seed investment ... VENTURES- FALL 2O15 UPDATE CONFIDENTIAL 8, TRADE SECRET 13
EFTA01123864
VALAR VENTURES
New Investments
*breather
Headquarters: Montreal Company Description
Breather operates a marketplace for branded, high-design, private office spaces ... Security Held: Series B-2 Preferred Shares
(referred to as "Breathers") that fill a need for a short term, quiet place to work,
Investment Date: 9/10/2015 meet or relax.
Round
https://www.justice.gov/epstein/files/DataSet%209/EFTA01123862.pdf
EFTA00810400Set 9
74p35,162w
TransferWise) have already achieved
valuations in excess of a billion dollars and three (Breather, N26 and Stash) have already achieved
valuations in excess of a quarter of a billion dollars ... massive markets, such as currency transfer (Transferwise), banking (N26, Qonto), commercial
real estate (Breather), insurance (Jetty, Coya), investing/retirement savings (Stash), accounting software
(Xero), and human resources/compliance software (Kato). Given that ... Similarly,
approximately 52% of Fund 2 committed capital has been invested in three companies (Breather, N26
and Kalo), with Breather reaching the fund's concentration limit
https://www.justice.gov/epstein/files/DataSet%209/EFTA00810400.pdf
EFTA00808939Set 9
2018-06-28117p35,775w
LEFT AFT WING / FUSELAGE FAIRING INSPECTION FOUND AFT END
OF TRAILING EDGE BOX BREATHER ANGLE IS CRACKED.
Resolution: CUT OUT CRACK ON BREATHER ANGLE P/N 1159B40296-119, NSN, AND REPLACED ... WITH NEW BREATHER
ANGLE P/N 1159B40296-119. NSN, ON L/11 WING, AFT END OF TRAILING EDGE BOX. RECEIVED FROM
GULFSTREAM SAVANNAH WITH AUTHORIZATION # ODA-511131-CE. REFERENCE FORM ... RIGHT AFT WING / FUSELAGE FAIRING INSPECTION FOUND AFT
END OF TRAILING EDGE BOX BREATHER ANGLE IS CRACKED.
Resolution: CUT OUT CRACK ON BREATHER ANGLE P/N 1159B40296-120, NSN, AND REPLACED
https://www.justice.gov/epstein/files/DataSet%209/EFTA00808939.pdf
EFTA00810474Set 9
35p3,768w
Gross & Net): 42.6% / 33.3%
% of Fund Invested / Reserved: 100%
Performance Drivers: N26, Breather, Kalo, Even
VALAR / 6
EFTA00810480
Valar Fund 2 / Performance Drivers
N26
Mobile Banking Made Easy
$
VALAR
EFTA00810481 ... Hedosophia, Greyhound
12% of the company.
VALAR / s
EFTA00810482
Valar Fund 2 /
MEr
aD breather
Bringing Flexibility to Commercial Real Estate
EFTA00810483
breather
Valar Fund 2 / Performance Driver::
Breather Updates ... Revenue growing 70% YoY, with September seeing a
new high of $2.6M.
How Breather works
✓ Margin has improved significantly since the
beginning of the year, a core focus
https://www.justice.gov/epstein/files/DataSet%209/EFTA00810474.pdf
EFTA00810285Set 9
21p6,756w
VALAR GLOBAL FUND II LP. YOU MUST DETERMINE YOUR PRO RATA
SHARE ACCORDINGLY.
BREATHER PRODUCTS INC.
DESCRIPTION OF ASSET: STOCK
FEIN: FOREIGNUS
ASSET ACQUIRED DURING THE YEAR: NO
ASSET DISPOSED ... FUND II LP ("THE FUND") WAS A 10% US
SHAREHOLDER OF A FOREIGN CORPORATION, BREATHER PRODUCTS INC.
AS A RESULT OF TAX LAW CHANGES BROUGHT ABOUT BY THE TAX CUTS ... JOBS
ACT OF 2017, CERTAIN FOREIGN SUBSIDIARIES OF BREATHER PRODUCTS INC.
("THE ENTITIES") MAY POTENTIALLY BE CONSIDERED TO BE CONTROLLED
FOREIGN CORPORATIONS ("CFCS"), RESULTING IN A 5471 FILING
REQUIREMENT
https://www.justice.gov/epstein/files/DataSet%209/EFTA00810285.pdf
EFTA00666194Set 9
2015-09-305p398w
Schedule of Investments
September 30, 2015
Unrealized
Shares Cost Fair Value Gain/(Loss)
Breather Products Inc.
Series B-2 Preferred Shares 2,947,764 $ 8.160.000 $ 8.160.000 $
Carmen, Inc.
Series Seed ... Shares 534.000 534.000 Generating quality "ground truth" road
and mapping data through roaming
sensors
Breather Products Inc. 09/10/15 Montreal Series B-2 Preferred Shares $8.160,000 $8.160.000 Marketplace
https://www.justice.gov/epstein/files/DataSet%209/EFTA00666194.pdf
EFTA00597484Set 9
2015-09-305p398w
Schedule of Investments
September 30, 2015
Unrealized
Shares Cost Fair Value Gain/(Loss)
Breather Products Inc.
Series B-2 Preferred Shares 2,947,764 $ 8.160.000 $ 8.160.000 $
Carmen, Inc.
Series Seed ... Shares 534.000 534.000 Generating quality "ground truth" road
and mapping data through roaming
sensors
Breather Products Inc. 09/10/15 Montreal Series B-2 Preferred Shares $8.160,000 $8.160.000 Marketplace
https://www.justice.gov/epstein/files/DataSet%209/EFTA00597484.pdf
EFTA02490833Set 11
2015-08-305p965w
Sent: Sunday, August 30, 2015 2:29 PM
To: Joi Ito
Subject: Re:
re breather????-!!!
On Sun, Aug 30, 2015 at 9:24 AM, Joi Ito ca > wrote
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02490833.pdf