QED Investors raised nearly $1B for two new funds to support fintech startups worldwide, with particular attention to Latin America. With these new funds, the firm expects to add up to 45 new companies to its portfolio.
“These funds compromise over $650M to invest in early-stage companies, and $275M to invest in later-stage ones. We expected LatAm to remain a significant part of QED’s focus,” said QED’s Partner, Mike Packer.
Despite the downturn, the firm remains bullish on LatAm’s fintech sector.
“Fintechs that manage to weather the storm will come out with a solid argument to validate before investors: we can address a crisis,” said Packer.
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