Managed funds now at $4B
Managed funds now at $4B
Robyn Sidersky// May 23, 2023//
Alexandria-based fintech venture capital firm QED Investors raised $925 million for two new funds, QED announced Tuesday.
The funding comes from two capital commitments: a $650 million oversubscribed early stage fund and a $275 million early growth stage fund, according to a news release from QED, a key investor in San Francisco-based personal finance company Credit Karma and Brazilian banking company Nubank. 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,” according to the release.
“We are excited, fortunate and privileged to be a steward of our investors’ capital,” QED Investors Managing Partner and co-founder Nigel Morris said in a statement. “We don’t take that responsibility lightly, especially in this difficult market.
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.
Morris and Frank Rotman, both involved in starting Capital One Financial Corp., founded QED Investors in 2007. QED has invested in more than 200 fintech companies, including 28 unicorn companies. With the two new funds, QED will have more than $4 billion under management, according to the firm.