QED Investors, a boutique venture capital firm focused on investing in early-stage, disruptive financial services companies, has closed its significantly oversubscribed sixth fund (Fund VI), with capital commitments of USD350 million. Fund VI will allow QED to continue to invest in early and growth-stage fintech companies primarily in North America, South America, and the United Kingdom. Founded in 2007, QED Investors has invested in more than 120 companies and has more than USD1.6 billion under management. Notable investments include Nubank, SoFi, Credit Karma, Klarna, GreenSky, Avant, Flywire, Remitly, QuintoAndar, Creditas, ClearScore, and Konfio.
“When Frank Rotman and I founded QED 12 years ago, we set out to provide the best fintech business advice anywhere, leveraging our founder and operator experience and our extensive financial services expertise. We are delighted that our approach resonates with founders,” says Nigel Morris, co-founder and Managing Partner of QED Investors. “This fundraise reflects the power of the QED model in supporting fintech founders to surefootedly grow breakthrough companies.”
QED is known for its singular focus on fintech and its more than 200 years of operator experience. The firm is CEO-centric. Its deep commitment to serving as CEOs’ consiglieres sets it apart from other investors. QED applies a rigorous, hypothesis-driven approach that identifies investment opportunities that are well-positioned in the marketplace. QED also founds companies through its formation-stage investment platform, Belay, pursuing its hypotheses with management teams custom-built to succeed. QED’s fintech expertise, operator experience, and industry connections have generated more demand than ever among CEOs looking to partner with QED.
“Given Nigel’s impressive operational background, he was one of my first calls when I decided to finally take the entrepreneurship route,” says David Vélez, Founder and CEO of Nubank. “The QED team has been an invaluable partner in building Nubank, and is as engaged and helpful now as it was in our Series A.”
“As experts in fintech, they bring unique knowledge of the space that has enabled us to be proactive and intentional as we scale a rapidly growing business,” says Matt Oppenheimer, Founder and CEO of Remitly. “QED adds enormous value to their portfolio companies as experienced operators, bringing valuable insights delivered with empathy. Remitly would not exist as it does today without the ongoing support of QED.”
“We are so lucky to have a partner in QED. We picked them because they are more walk than talk. Their team is made up of people from all parts of the ecosystem – the entrepreneurs, the established financial institutions, the regulators,” says Jenny Xia Spradling, Co-Founder and Co-CEO of FreeWill. “This experience especially matters in fintech, because it is a complex system. The QED team are our sherpas through this system.”
