QED Investors, a global venture capital firm investing exclusively in fintech companies, announced the close of two new funds totaling US$925 million.

With the close of these two new funds, QED will have more than US$4.0 billion under management.

The Fund VIII is an oversubscribed US$650 million early stage fund while the Growth II is a US$275 million early growth-stage fund.

These funds will allow QED to continue to invest in disruptive fintech companies in the U.S., the U.K. and Europe, Latin America, India and Southeast Asia and Africa.

Founded in 2007 by Nigel Morris and Frank Rotman, QED has invested in more than 200 companies – including 28 unicorns.

Among the companies in QED’s portfolio are Credit Karma, Remitly, Nubank, AvidXchange, Klarna, and Greensky.

Nigel Morris

“We are excited, fortunate and privileged to be a steward of our investors’ capital. We don’t take that responsibility lightly, especially in this difficult market.

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.”

said QED Investors Managing Partner and Co-Founder Nigel Morris.

This article first appeared on Fintech News America.

Featured image credit: QED Investors Managing Partner and Co-Founder Nigel Morris. Background image edited from Freepik