PayPal Co-founder's venture fund plans to raise $350 million
Venture fund Valar Ventures, co-founded by PayPal Co-founder Peter Thiel, has filed paperwork with the US Securities and Exchange Commission to raise $350 million across two new funds. The New York-based firm plans to raise $150 million for its fifth flagship venture fund and $200 million for its first opportunity fund. Valar majorly invests in financial services companies.