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374 facts · 512 sources · updated 2026-09-30

Fact fund-002

newrecordreported Pre-seed, late 2023: Riot Ventures wrote Valar's first check; its co-founder now lists a Valar board seat
2023-11 · fund-002 · Valar Atomics, Riot Ventures, Stephen Marcus · pre-seed round (reported; see orig-050): $1,500,000

Valar's own document library lists 'Announcing a Pre-Seed Funding Round Led By Riot Ventures' (a LinkedIn post that needs a login, so it was not read); the $1.5 million amount and the November 2023 date rest on the company's archived April 2024 homepage and Mother Jones (orig-050). Riot Ventures went on to lead the February 2025 seed (fund-003) and joined the August 2026 Series B (fund-007). Riot's own partner page (read 29 Sept 2026) says its co-founder and general partner Stephen Marcus 'serves on the Boards of' several companies, naming Valar Atomics. That adds a third investor director on the public record, beside Sequoia's Shaun Maguire and Snowpoint's Doug Philippone (ppl-010). Taylor has said he pitched about 80 venture firms before Marcus made the first investment (The New Republic, cited in ppl-010). Valar publishes no board list, and no Form D by Valar exists to name its directors (fund-010), so this seat is known only from the investor's page.

In plain termsRiot Ventures, a venture firm, was Valar's first outside investor in late 2023; it led the 2025 seed round and joined the 2026 Series B. Its co-founder says on his firm's website that he sits on Valar's board of directors, the small group that hires and oversees the chief executive. Valar itself does not publish who is on its board, so the public learns this only piece by piece from investors' own websites.
verified 2026-09-29: Re-verified 2026-09-29: Riot partner page re-read (quote exact, 15 words); Valar library still lists the pre-seed LinkedIn post. Plain corrected: no source shows Riot in the Series A, and 'Los Angeles' was unsourced.

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