Valar Ventures, backed and co-founded by Peter Thiel with founding partners from his family office and hedge fund background, specializes in backing fintech and software startups outside Silicon Valley—particularly in Europe, UK, Africa, Latin America, and New Zealand—that can become global category leaders from non-Bay Area hubs. The firm runs a concentrated, high-conviction portfolio and is known as the "go-to" investor for non-U.S. fintechs aspiring to global reach, having created some of the earliest and largest international fintech category leaders like Xero, Wise, N26, and Qonto.