Fintech-Focussed QED Investors To Infuse Nearly $500 Mn In Indian Startups

Fintech-focussed venture capital firm, QED Investors is reportedly planning to deploy close to $500 Mn in the Indian startup ecosystem in the coming time, according to an ET report.

QED, which established its office in India in the previous year, has infused $150 Mn in the Indian startup ecosystem to date. It has made capital investments across various startups including Jupiter, Upswing, FPL Technologies and Refyne.

Established by Nigel Morris and Frank Rotman in 2007, QED was initially started as a family office but transitioned into a venture capital fund. It was initially fueled via internal capital. 

The US-based venture capitalist participates in several funding rounds, ranging from Pre-Seed to Series B funding round and beyond. It reportedly holds investment capacity of $1 Mn to $50 Mn to shore up fintech companies and additionally, shows interest in the crypto sector. 

In the previous year, it sealed a $1.05 Bn fund consisting of a $550 Mn Fund VII and a $500 Mn Growth Fund.

According to a Crunchbase report, QED Investors has raised a total of $1.4 Bn across five funds to date. Its recent fund is QED Fund VII which was announced in September 2021 and raised a total of $1.1 Bn.

The company has made a slew of capital infusions in crypto startups across the world. Of late, it has ploughed in the Indian crypto company, Mudrex that deals in autopilot smart crypto investment. 

While investing in the Bengaluru and San Francisco-based Mudrex, QED Investors participated in Pre-Series A round along with Arkam Ventures and Tribe Capital. The funding will help Mudrex accelerate user acquisition, licensing and expansion across India, the US, Europe and Latin America.

Of late, QED infused money in an open finance B2B ecosystem enabler, Upswing Financial Technologies along with a cohort of other fintech founders. It has backed several unicorns to date including Nubank, Credit Karma and SoFi. With this capital infusion, Upswing helps fintechs and consumer tech players offer financial services seamlessly.

Prior to this, QED led Pune-based fintech startup OneCard’s funding round. According to the Inc42 report, QED Fund led the funding round with INR 207.25 Cr. Besides QED Fund, other investors participated in the round included INVOPPS FT21 LLC, Ocean View Investment and Sequoia Capital.

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