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Laxman Pai, Opalesque Asia: Global fintech-focused venture capital firm QED Investors has closed two new funds with combined capital commitments of $925 million.
The new capital commitments comprise Fund VIII, an oversubscribed $650 million early-stage fund, and Growth II, a $275 million early growth-stage fund.
Both funds are aimed at backing fintech companies primarily in the U.S., the United Kingdom and Europe, Latin America, Africa, and Southeast Asia, said a press release from the Alexandria, Virginia-based investment firm that supports high-growth companies and businesses.
QED Investors Managing Partner and Co-Founder Nigel Morris said: "QED has been working intentionally to achieve what we believe is threshold scale in terms of capital, team, skills, and brand globally. We are proud to have a world-class team that combines proven operational DNA, experience through multiple economic cycles, and the right decision-making frameworks for the current environment."
"Growth at all costs will not win the day in this business cycle. Unit economics, product-market fit, and clear paths to profitability are the keys to survival, and QED is uniquely positioned to support our companies with the best advice in fintech," Nigel added.
Founded in 2007 by Nigel Morris and Frank Rotman, QED has invested in more than 200 companies - including 28 unicorns. With these two new funds, QED will have more than $4.0 billion under management.
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