Investments
413Portfolio Exits
39Funds
10Partners & Customers
4Service Providers
1About QED Investors
QED Investors is a boutique venture capital firm. It invests in early-stage startups. It primarily invests in financial services firms in the US, UK, and Latin America. The company was founded in 2008 and is based in Alexandria, Virginia.
Expert Collections containing QED Investors
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find QED Investors in 4 Expert Collections, including Digital Lending.
Digital Lending
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This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
CB Insights Fintech Smart Money Investors - 2020
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Fintech
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Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
CB Insights Insurtech Smart Money Investors - 2020
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Track the world's top-performing VC investors in insurtech. Firms are presented in unranked order.
Latest QED Investors News
Sep 16, 2025
ALEXANDRIA, Va., September 15, 2025-- Leading global fintech venture capital firm QED Investors announced today that it has promoted Victoria Zuo from principal to partner. Based in San Francisco, Victoria is part of the early stage domestic team with a focus on fintech investments and is one of 20 investment professionals at QED. “Over the past three years, Victoria has progressed from a rising star to a well-respected leader within our team,” said QED Managing Partner and Co-Founder Nigel Morris. “She has anchored our presence in the Bay Area admirably, enhancing the QED brand and cultivating an impressive network of fintech entrepreneurs, finance leaders and investors. She has also played a meaningful advisory role to our portfolio company CEOs as a consigliere, thought partner and a board member. “Victoria is a non-consensus thinker and she has a wonderful ability to develop investment hypotheses, hunt for opportunities and build conviction.” Victoria is the deal champion for a number of QED investments including e-commerce company Fermàt, healthtech company XP Health, banking infrastructure business Astrada, D2C integrated commerce company Aghanim, mobile wallets platform Badge and AI financial operations company Lorikeet. Victoria joined QED in May 2022. Prior to joining QED, she helped lead fintech investing at Gradient Ventures, Google's early stage venture fund, where she worked with founders building the next generation of fintech and commerce tech in categories like insurance, e-commerce, application software transaction processing and core fintech infrastructure. “I've always believed that financial services are one of the most powerful levers to change people's lives,” Zuo said. “At QED, I'm fortunate to partner with founders who are tackling hard problems across fintech and beyond, from commerce enablement and the CFO suite to AI applications for financial services. Being on the ground in San Francisco has given me a front-row seat to the next wave of innovation, and I'm excited to keep working with bold entrepreneurs who are building companies that matter.” Victoria started her career in tech M&A at Qatalyst Partners, advising founders in their sell-side processes on more than $20 billion in M&A transactions. Victoria received her B.A. and M.S. in economics and engineering at Stanford University. Prior to college, Victoria was born and raised in Nanjing, China. About QED Investors QED Investors is a global leading venture capital firm based in Alexandria, Va. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in disruptive financial services companies worldwide. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages its partners' decades of entrepreneurial and operational experience, helping companies achieve breakthrough growth. Notable investments include AvidXchange, Betterfly, Bitso, Caribou, ClearScore, Creditas, Credit Karma, Current, Flywire, Kavak, Klarna, Konfio, Loft, Mission Lane, Nubank, QuintoAndar, Remitly, SoFi, Wagestream and Wayflyer. Contact: Ashley Marshall Director, PR and Communications QED Investors ashley@qedinvestors.com VCPro Database 2025 2025 New Edition Available! (Updated July 2025) Price: $119.5 (including a free annual update in January 2026) Discover venture capital effortlessly with the affordable VCPro Database , the top directory for venture capital and private equity.
QED Investors Investments
413 Investments
QED Investors has made 413 investments. Their latest investment was in Hala as part of their Series B on September 15, 2025.
QED Investors Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/15/2025 | Series B | Hala | $157M | Yes | Arzan Venture Capital, BNVT Capital, Endeavor, Impact 46, Isometry Capital, Khwarizmi Ventures, Middle East Venture Partners, Nour Nouf Ventures, Raed Ventures, Sanabil Investments, The Rise Fund, Undisclosed Investors, and Wamda Capital | 8 |
9/8/2025 | Series E | Kin | $50M | No | Activate Capital, and Undisclosed Investors | 2 |
8/27/2025 | Series A - II | Atomic | $30M | No | Anthemis, Appia Ventures, Aquiline Capital Partners, Brewer Lane Ventures, Erie Strategic Ventures, Intuit, Nationwide Ventures, Samsung NEXT, and Y Combinator | 2 |
8/19/2025 | Series B | |||||
8/12/2025 | Series B |
Date | 9/15/2025 | 9/8/2025 | 8/27/2025 | 8/19/2025 | 8/12/2025 |
|---|---|---|---|---|---|
Round | Series B | Series E | Series A - II | Series B | Series B |
Company | Hala | Kin | Atomic | ||
Amount | $157M | $50M | $30M | ||
New? | Yes | No | No | ||
Co-Investors | Arzan Venture Capital, BNVT Capital, Endeavor, Impact 46, Isometry Capital, Khwarizmi Ventures, Middle East Venture Partners, Nour Nouf Ventures, Raed Ventures, Sanabil Investments, The Rise Fund, Undisclosed Investors, and Wamda Capital | Activate Capital, and Undisclosed Investors | Anthemis, Appia Ventures, Aquiline Capital Partners, Brewer Lane Ventures, Erie Strategic Ventures, Intuit, Nationwide Ventures, Samsung NEXT, and Y Combinator | ||
Sources | 8 | 2 | 2 |
QED Investors Portfolio Exits
39 Portfolio Exits
QED Investors has 39 portfolio exits. Their latest portfolio exit was Klarna on September 10, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/10/2025 | IPO | Public | 8 | ||
8/19/2025 | Acquired | 7 | |||
5/6/2025 | Acquired | 2 | |||
Date | 9/10/2025 | 8/19/2025 | 5/6/2025 | ||
|---|---|---|---|---|---|
Exit | IPO | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 8 | 7 | 2 |
QED Investors Acquisitions
1 Acquisition
QED Investors acquired 1 company. Their latest acquisition was Lingua Franca Search on September 30, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/30/2022 | Acq - Fin | 1 |
Date | 9/30/2022 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - Fin |
Sources | 1 |
QED Investors Fund History
10 Fund Histories
QED Investors has 10 funds, including QED Growth II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/23/2023 | QED Growth II | $275M | 3 | ||
5/23/2023 | QED Fund VIII | $650M | 3 | ||
9/14/2021 | QED Fund VII | $550M | 1 | ||
9/14/2021 | QED Growth | ||||
5/7/2021 | Fontes |
Closing Date | 5/23/2023 | 5/23/2023 | 9/14/2021 | 9/14/2021 | 5/7/2021 |
|---|---|---|---|---|---|
Fund | QED Growth II | QED Fund VIII | QED Fund VII | QED Growth | Fontes |
Fund Type | |||||
Status | |||||
Amount | $275M | $650M | $550M | ||
Sources | 3 | 3 | 1 |
QED Investors Partners & Customers
4 Partners and customers
QED Investors has 4 strategic partners and customers. QED Investors recently partnered with Cooley on June 6, 2023.
QED Investors Team
5 Team Members
QED Investors has 5 team members, including current Founder, Managing Partner, Nigel W. Morris.
Name | Work History | Title | Status |
|---|---|---|---|
Nigel W. Morris | Founder, Managing Partner | Current | |
Name | Nigel W. Morris | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, Managing Partner | ||||
Status | Current |
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