QED Investors announces it has closed a $1.05bn fund, to be invested exclusively in FinTech.
This was QED’s seventh fund (Fund VII) which has been “significantly oversubscribed”.
It includes a $550mn early stage fund and a $500mn growth-stage fund.
Currently, QED has more than $3bn under management.
What does this mean?
Since its inception, QED has focused exclusively on FinTech. Its latest fund will focus on investment in FinTechs across the US, UK, Latin America and Southeast Asia.
QED says it will continue to apply its “rigorous, hypothesis-driven approach” to identify new opportunities.