QED Investors is looking to raise up to $150m for its fifth venture capital fund according to a regulatory filing.
QED Fund V is yet to raise any commitments and it is unclear if the total offering amount is a target or a hard cap.
Founded in 2008, the firm is focused on investing in early stage, disruptive financial services companies in the U.S., U.K. and Latin America. It actively supports high-growth businesses that use ‘information to compete and win’ according to its website.
The Virginia firm was founded by Nigel Morris and Frank Rotman, both formerly with Capital One, a diversified banking company focused primarily on consumer and commercial lending and deposit origination.
Earlier this year, Ocrolus, which automates financial document reviews, has landed $4m in Series A funding. QED Investors participated in the round alongside the likes of Laconia Capital Group, ValueStream Ventures and RiverPark Ventures. Ocrolus automates data verification and analysis for bank statements and other financial documents and claims to boast over 99 percent accuracy, to enabling customers to retire the practices of sampling and spot-checking.
In 2016, Scotiabank and QED Investors formed a partnership to inject capital and industry expertise into select Latin American FinTech companies. The joint investment created a venture capital platform that identifies, invests and promotes the growth of innovative start-ups across the FinTech spectrum that look to improve customer products and experiences in Latin America.
In the LATAM region QED has backed GuiaBolso, a Brazilian personal finance platform, Sao Paolo-based NuBank, Pitzi, which provides phone protection plans, and online lending platform Konfio.
Last year, QED led a $7m Series A round for ComparaGuru.com, a Mexico-based financial management platform. A few months later, personal finance platform Current secured a $5m Series A funding round led by QED. Founded in 2015, Current is a debit card and financial support mobile application for teenagers.
In the Us lending market, the venture capital firm’s portfolio also includes Lendup, GreenSky, Avant, ApplePie Capital and Plum. In the insurTech space, QED has previously backed InsureTech and Knip.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
