Global fintech venture capital firm QED Investors has closed two new funds with combined capital commitments of $925 million – Fund VIII, an oversubscribed $650 million early stage fund, and Growth II, a $275 million early growth-stage fund.
QED says the new funds will allow it to continue to invest in disruptive fintech companies in the US, the UK and Europe, Latin America, India and Southeast Asia and Africa.
Founded in 2007 by Nigel Morris and Frank Rotman, QED has to date invested in more than 200 companies – including 28 unicorns. With these two new funds, QED will have more than $4 billion under management.
QED has exclusively invested in fintech since its inception, having supported the Series A rounds of Credit Karma, Remitly and Nubank, led AvidXchange’s Series B, participated in Klarna’s Series F. It was also was among the first institutional investors in Greensky.
