We are pleased to announce the successful exit of Navigate Ventures Fund I investment in Valarian as part of the company's recently announced $50 million growth round led by NEA. This outcome further validates our investment thesis of delivering liquidity within a short holding period and an accelerated path to DPI.

We congratulate the Valarian team and wish them continued success.

About Valarian

Valarian builds secure infrastructure for organizations operating in high-trust, high-stakes environments. Its core product, ACRA, is a secure, compartmentalized backbone designed to run and protect mission-critical applications across cloud, on-premise, and edge environments, including portable GPU clusters. Valarian developed ACRA to address real-world infrastructure risks where segmentation can break down, audit trails disappear, and lateral movement cannot be contained. UK-founded and UK-led, Valarian is backed by leading defence and national security investors, with a team experienced across defence, secure communications, high-assurance systems, and enterprise software.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has more than $35 billion in assets under management as of December 31, 2025, and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record of investing includes more than 285 portfolio company public listings and more than 510 mergers and acquisitions. For more information, please visit www.nea.com.

About Navigate Ventures

Navigate Ventures focuses on bridging the capital gap for B2B Enterprise SaaS companies outside of Silicon Valley. The fund leverage a risk-mitigated strategy aimed at achieving a shorter holding period (3-4 years) and an accelerated path to Distributions to Paid-In Capital (DPI). Founder and Managing Partner Ivan Nikkhoo is a recognized thought leader in the venture ecosystem. He is a frequent speaker at global venture capital and family office conferences and contributes regularly to leading industry publications.