Lystable’s Supplier Management SaaS Takes $1.5M From Peter Thiel’s Valar Ventures


TechCrunch

TechStars London alum and U.K.-based startup Lystable, which has built a cloud-based workflow management platform aimed at simplifying how businesses handle contacts with suppliers and freelancers, has pulled in a $1.5 million seed investment led by Peter Thiel’s Valar Ventures.

Other investors in the round include Backed, Playfair Capital, Mark Evans, Richard Fearn, Guy Podjarny, Courtney Grant and Leila Rastegar Zegna. Earlier this year the startup also took in a $500k investment from Mark Evans of Balderton Capital, Richard Fearn and Courtney Grant — so its seed round now stands at $2 million.

Thiel’s fund has made a few more sizable European investments in recent times: leading a $10.6 million Series A round in Berlin-based banking startup Number26 and an $18 million Series B round in Berlin-based photo marketplace EyeEm this April. The VC firm also headed a $6 million Series A in p2p currency exchange TransferWise back in 2013. Lystable is its first seed investment in Europe, and its…

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