Credit Karma Backer QED Investors Secures $925mn For Two New Funds
QED, which has also backed Klarna, Remitly and Nubank, said that it will continue to invest globally. Categories that the firm invests in include payments, lending and crypto
QED Investors, a financial technology-focused venture firm that backed Credit Karma early on, has secured USD 925 million for two new funds.
The Alexandria, Virginia-based firm announced that it had closed on USD 650 million for its early-stage fund and USD 275 million for what it terms an early growth-stage fund.
QED, which has also backed Klarna, Remitly and Nubank, said that it will continue to invest globally. Categories that the firm invests in include payments, lending and crypto.
With the fresh funds, QED will have USD 4 billion under management. The firm has invested in over 200 firms, with 28 of them raising capital at valuations of more than USD 1 billion. Several of them have been bought out or gone public. Intuit purchased Credit Karma for USD 7.1 billion in 2020. In 2021, Nubank and Remitly will go public.
