QED Investors, a top VC firm that focuses on Fintechs, has raised a sizeable $1.05 billion new fund in an over-subscribed offering, according to the firm. The capital includes $550 million in QED’s Fund VII for early-stage investing and an initial $500 million for our new growth fund.
QED says that it will continue to focus on “early stage disruptive financial technology founders,” while continuing to support winners from their current portfolio.
Nigel Morris, QED founder stated:
“The digital step function is well and truly upon us, but QED is perfectly positioned to embrace the needs of the rapidly growing fintech ecosystem. As fintech specialists, QED has both the talent and the traction to thrive with the mistral winds at our backs, and the platform we’ve built gives both LPs and founders confidence that we’ll do exactly what we say we will. QED has come of age. We’re proud of what we’ve accomplished so far and we’re bullish about what is yet to come. This is the most significant chapter in our 14-year story to date, but it is certainly not the last. As fintech becomes more and more mainstream, entrepreneurs and investors are constantly being reminded that fintech is hard. There is no silver bullet to solve the myriad problems a founder can, and will, encounter across compliance, operations, tech and credit risk, but that is where QED’s comparative advantage comes in hand.”
Morris added that things have never been better for QED.
“Our new funds give us the dry powder to be able to make amazing investments and help portfolio companies ride the wind of digital transformation.”
QED has invested in over 150 companies, including 20 unicorns, worldwide. QED invested exclusively in Fintech since its inception in 2007.