Qed Investors, an Alexandria, Va.-based venture capital firm, closed a $12m network-driven fund to support seed and pre-seed fintech startups in Latin America.
Named Fontes, the Latin word for fountains, the fund will expand QED’s reach across geographies, business models and teams.
Commitments to Fontes come largely from QED’s deep network within Latin America – including numerous founders and management of some of the region’s most renowned fintech companies.
Fontes will invest across the Latin America geography in strong founding teams that are working with a fintech element in the business model.
Investments will be supported by QED partners and prominent local entrepreneurs, allowing founders to tap into on-the-ground- knowledge, expertise and resources.
Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is a global boutique venture capital firm focused on investing in early stage, disruptive financial services companies in the U.S., U.K., Latin America and Southeast Asia. Notable investments include Credit Karma, ClearScore, Nubank, SoFi, Avant, Remitly, GreenSky, Klarna, QuintoAndar, Loft, Konfio, Creditas, AvidXchange, Current and Mission Lane.
The fund will be led by Bill Cilluffo, QED Partner and Head of International Investments.