Anderson Thiel Marks First Brazilian Investment with Oppa

oppa

This morning, the announcement was made that Peter Thiel, who co-founded PayPal and now leads Clarium Capital and The Founders Fund, has shifted his attention towards Brazil – at least a little.

Thiel’s early-stage venture capital firm, Valar Ventures, led a US$13 million investment round for furniture designer and online retailer OppaMonashees Capital, Kaszek Ventures, Thrive Capital and Micky Malka also participated in the round, which marks Thiel’s first Brazilian investment. In an official statement, Thiel remarked, “Successful entrepreneurs are able to find creative solutions to intractable problems. Through their innovative business model and creative supply chain management, Oppa is bringing beautifully designed and affordable furniture across Brazil.”