Valar Ventures-Backed Petal Card Seeks Buyer, Fortune Says

Petal Card, a credit card company backed by Peter Thiel’s Valar Ventures, is exploring options including a possible sale or additional funding, Fortune reported, citing people familiar with the matter.

Goldman Sachs Group Inc. has been tapped to advise on a potential sale, according to the report. If it doesn’t find a buyer, the company may draw down existing loan agreements or seek funding from current stakeholders, Fortune said.