PayPal founder Peter Thiel, and his fund Valar Ventures, led a $10 million seed round in German insurtech startup Coya; other investors in the round include e.ventures and La Famiglia; Dr. Peter Hagen, one of the founders of Coya, tells Business Insider, "This investment will allow Coya to further extend our team and build up an exceptional product for our customers."; the company is planning to build a digital insurance provider and is in the process of trying to get full authorization from German regulators; founders of Coya include two former Kreditech employees and ex-CEO of Vienna Insurance Group. Source
Peter Thiel has been discussing a bid for California governor with his advisors; Thiel has been active in political campaigns and could find a number of supporters should he run for California governor; as a Republican he speaks frequently with California House Majority Leader and Republican Kevin McCarthy; he also contributed to the Trump campaign and since 2000 has contributed over $8.5 million to federal candidates and political committees. Source