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October 2, 2012 03:30 pm GMT

Peter Thiel Makes His First Brazilian Investment With Affordable Furniture Startup Oppa

Screen Shot 2012-10-01 at 5.16.34 PMPeter Thiel is paying a little more attention to the Southern Hemisphere.His fund Valar Ventures, which does early-stage investments globally, is leading a $13 million round in Oppa.com.br. The company, which bills itself as the Ikea of Brazil, sells trendy and affordable furniture to consumers in Brazil's booming economy.Monashees Capital, Kaszek Ventures, Josh Kushner's Thrive Capital, and Micky Malka are also participating in the round.

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