Prominent Fintech venture capital firm QED Investors announced on Thursday it has closed a $12 million network-driven fund to support both seed and pre-seed fintech startups in Latin America. QED reported that the fund will expand its reach across geographies, business models, and teams.
Founded in 2008, QED Investors is a leading boutique venture capital firm that is focused on investing in early-stage, disruptive financial service companies in the U.S., UK, and Latin America.
“QED is dedicated to building great businesses and uses a unique, hands-on approach that leverages our partners’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth.”
While sharing more details about the fund, Bill Cilluffo, QED Partner and Head of International Investments, stated;
“In the years since QED’s inception, we have seen the explosion of the fintech ecosystem in LatAm, and we know it’s only the beginning. In a rapidly changing ecosystem, Fontes will allow us to broaden our focus and identify high-potential opportunities early on while supporting the next generation of talented entrepreneurs.”
QED also revealed that Fontes investments will be supported by its partners and prominent local entrepreneurs, allowing Fontes founders the opportunity to tap into a wealth of on-the-ground- knowledge, expertise, and resources. The firm added:
“Founders will also benefit from QED’s broader portfolio resources and community while building relationships with its team of operators from the start. Fontes will invest across the Latin America geography in strong founding teams that are working with a fintech element in the business model.”