FinTech-focused venture firm QED Investors closes fund on $1.05bn

Global FinTech-focused venture capital firm QED Investors has closed its seventh fund on $1.05bn, as it eyes opportunities in US, UK, Latin America and Southeast Asia.

The vehicle is comprised of a $550m early-stage fund and a $500m growth-stage vehicle.

QED was founded in 2007 and has backed over 150 companies and has more than $3bn under management. Of the companies it has backed, these include 20 unicorns.

Since it was founded, it has exclusively backed FinTech companies. One of its recent contributions was a lead investment into Payhawk’s $20m funding round in May 2021. The FinTech helps finance teams to reduce manual work, keep tight control of budgets in real-time and automate their spending across every payment method.

Some of the other companies in its portfolio include anti-fraud company FraudScope, digital bank Cora and InsurTech firm Betterfly

QED Investors managing partner and co-founder Nigel Morris said, “Fund VII is the largest proof point we have that proves that our model is working.

“Over the past 14 years, our team has utilized its extensive experience as operators-turned-investors to help companies achieve breakthrough growth. We are certainly proud of our portfolio of companies and look forward to leaning into the significant opportunity the market has to offer. We have been doubling down on fintech since 2007 and are thrilled to continue play a key role in FinTech’s future growth.”

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