Global fintech VC firm QED Investors closes $925 million in new funds

Global fintech venture capital firm QED Investors has closed two new funds with combined capital commitments of $925 million.

New capital commitments include Fund VIII, a $650 million oversubscribed fund, and Growth Fund II, a $275 million early stage fund.

These funds will allow QED to continue investing in fintech companies in the US, UK, Europe, Latin America, India, Southeast Asia and Africa.

“We are excited, fortunate and privileged to be our investors’ capital sponsor. We do not take this responsibility lightly, especially in this challenging market. Growth at all costs won’t win the day in this business cycle. Unit economics, product-to-market fit, and clear paths to profitability are keys to survival, said Nigel Morris, managing partner and co-investor at QED, and QED is uniquely positioned to support our companies with the best fintech advice.

Company profile

Founded in 2007 by Nigel Morris and Frank Rotman, QED has invested in more than 200 companies including 28 unicorn companies. With these two new funds, QED will have more than $4 billion under management. They are known for their unique focus on financial technology, and the team has over 250 years of combined experience in the operator.

“We thank our returning limited partners and are grateful for the confidence shown in us by our new LP Partners. We are excited to have the capital to build the next generation of great fintech companies over the coming cycle,” Morris added.

Since its inception, QED has invested exclusively in fintech, contributing to the growth of some of the giants in the industry today.

QED led Series A rounds from Credit Karma, Remitly, and Nubank, led AvidXchange’s Series B, participated in Klarna’s Series F, and was among the first institutional investors in Greensky.