Global fintech venture capital firm QED Investors has successfully closed two new funds with total capital commitments of $925 million.
Founded in 2007 by Nigel Morris and Frank Rotman, QED Investors specializes in investing in disruptive financial services companies around the globe. The latest capital commitments include Fund VIII, an oversubscribed $650 million early-stage fund, and Growth II, a $275 million fund focusing on early growth stages. With these additions, QED’s total assets under management will exceed $4 billion.
“We are excited, fortunate, and privileged to be stewards of our investors’ capital,” said Morris. “We don’t take that responsibility lightly, especially in this challenging market.”
Morris emphasized that “growth at all costs will not win the day in this business cycle.” He noted that successful ventures require a focus on unit economics, product-market fit, and clear paths to profitability, areas where QED is well-equipped to provide support and guidance.
Since its inception, QED has exclusively focused on fintech investments and has been instrumental in the development of several leading fintech companies. The firm led the Series A funding rounds for companies like Credit Karma, Remitly, and Nubank, took part in AvidXchange’s Series B round, participated in Klarna’s Series F, and was one of the first institutional investors in Greensky.