VC Firm QED Investors Secures Nearly $1B for Global Fintech Startups

QED Investors, a prominent fintech venture capital firm based in Alexandria, VA, has closed two new funds at $925 million.

The massive funding comprises an oversubscribed early-stage fund, Fund VIII, which raised $650 million, and Growth II, an early growth-stage fund that secured $275 million. QED’s total funds under management now exceed $4 billion.

The funds will allow the firm to “continue to invest in disruptive fintech companies in the U.S., the U.K., Europe, Latin America, India, Southeast Asia and Africa.”

“Growth at all costs will not win the day in this business cycle. Unit economics, product-market fit and clear paths to profitability are the keys to survival, and QED is uniquely positioned to support our companies with the best advice in fintech,” said QED Investors Managing Partner and Co-Founder Nigel Morris.

In September 2021, QED announced it had closed on a seventh oversubscribed fund with capital commitments of $1.05 billion. In 2020, the firm secured $350 million in funding.

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

Morris and Frank Rotman, both involved in starting Capital One Financial Corp., founded QED Investors in 2007. The firm has invested in more than 200 fintech companies, including 28 unicorns.