United States · Investor

QED Investors

Last cheque observed Oct 2026; 314 cheques on record.

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Deploying nowNew fund $1.1M, Aug 2025VC firm

Pre-seedSeedSeries APaytechPaymentFin-tech

Deploying now
82%of best year47cheques in 12 months, 314 on record
Since the last cheque2days00hrs00min00sec
Median round$29MCheque size, as they say$30K – $25MRounds led31 of 314Sole investor29 roundsExits5 from the portfolioMostly inUnited States, 56%
Pitch QED Investors

QED Investors highlights

  1. 01

    47 cheques in the last 12 months

  2. 02

    Mostly Series A and Series B: 51% of its rounds

  3. 03

    Sole investor in 29 rounds, median $3.6M

  4. 04

    5 exits from the portfolio

What they do

QED is the premier VC in the fintech space.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$30K – $25M as they say
Stages
Pre-seedSeedSeries ASeries BGrowthPre-IPO
Sectors
PaytechPaymentFin-tech
Based in
Alexandria, United States
Cold pitches
Accepted

The record

Every round we can evidence, newest first314 appearances

  1. 2026

    42 rounds

  2. Oct
    CollectiveSeries B · US · AI Insider$40MWith 5 others
  3. Oct
    CollectiveSeries B · US · Fintech Global$100MLed
  4. Oct
    Causa PrimaSeed · Fintech Global$20MWith 5 others
  5. Oct
    IPIDSeries A · SG · Firms' own news pages$16MWith 5 others
  6. Oct
    Charter SpaceSeed · US · Firms' own news pages$5.0MWith 4 others
  7. Sept
    FlamSeries B · IN · Inc42$40MLed
  8. Sept
    Felix PagoSeries B · US · Ventureburn$200MWith 5 others
  9. Sept
    ClooverDebt · SE$100MWith 4 others
  10. Sept
    FélixSeries C · US · LatamList$200MWith 6 others
  11. Sept
    VelocitySeries A · US$10MWith 5 others
  12. Sept
    WayflyerDebt · IE$50MWith 4 others
  13. Sept
    International Payments IdentitySeries A · SG$16MWith 4 others
  14. Sept
    QuantinuumGrant · US$100MWith 2 others
  15. Sept
    FlixDebt · BR$113MWith 4 others
  16. Aug
    VelocitySeries A · GB · Ventureburn$38MWith 8 others
  17. Aug
    Model MLVenture · US$75MWith 4 others
  18. Jul
    AvantDebt · US$300MWith 2 others
  19. Jul
    SkalarSeed · DE$14MWith 1 other
  20. Jul
    CapimVenture · BR$6.5MWith 4 others
  21. Jul
    CreditasDebt · BR$28MWith 3 others
  22. Jul
    AugustusSeries B · US$180MWith 4 others
  23. Jun
    AirwallexSeries H · SG · Startup Daily$460MWith 8 others
  24. Jun
    VixtraSeries A · BR · LatamList$9.6MWith 7 others
  25. May
    CapchaseUS · Crunchbase News$200MWith 6 others
  26. May
    Kin InsuranceDebt · US$335MWith 4 others
  27. May
    Catena LabsSeries A · US$30MWith 3 others
  28. May
    AstradaSeed · US$3.8MWith 5 others
  29. May
    CruxDebt · US$500MWith 3 others
  30. May
    CapchaseDebt · US$174MWith 4 others
  31. Mar
    KASTSeries C · KY · QED Investors$80MLed
  32. Mar
    AplazoVenture · MXUndisclosedWith 3 others
  33. Feb
    BadgeSeries A · US · Ventureburn$17MWith 7 others
  34. Feb
    MeridianSeed · US · TechCrunch$17MWith 4 others
  35. Feb
    PayabliVenture · USUndisclosedWith 3 others
  36. Feb
    FreemodelVenture · USUndisclosedWith 4 others
  37. Feb
    Simplified Financial Solutions CompanySeries A · SA$20MWith 2 others
  38. Jan
    ZocksSeries B · US · Entrée Capital$45MLed
  39. Jan
    PomeloSeries C · AR · Contxto$55MWith 11 others
  40. Jan
    ClooverDebt · SE$1.2BWith 3 others
  41. Jan
    StreamSeries D · US$90MWith 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration10 named

BCBill CilluffoPrincipaliFiling they signed
CBCiara BurnhamPRINCIPALiFiling they signed
FLFrank L RotmanPRINCIPAL OF THE GENERAL PARTNERiFiling they signed
JMJ. Miles ReidyPrincipaliFiling they signed
JWJames Wayne LovingChief Financial OfficeriForm ADV
MMMatt Miles RisleyPrincipaliFiling they signed
NWNigel William MorrisMANAGING PARTNER OF THE GENERAL PARTNERiFiling they signed
SCS. Caribou HonigMemberiFiling they signed
WCWilliam CilluffoPRINCIPAL OF THE GENERAL PARTNERiFiling they signed
WCWilliams CilluffoPrincipal of the General PartneriFiling they signed

We also hold 44 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$3.3Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
QED Investors, LLC
SEC number
CRD 284908

Exits from the portfolio

Companies it backed that were later bought or listed5 in all

DriveFactorBought by CCC Information Services$22MMay 2015
OnSwipeBought by Beanstock MediaUndisclosedAug 2014
TDXBought by EquifaxUndisclosedJan 2014
BraintreeBought by PayPal$800MSept 2013
BloomspotBought by Chase Banking CorporationUndisclosedDec 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as QED Investors. A count of rooms they were both in, not a relationship either has claimed.

GaingelsPrivate equity25rounds togetherY CombinatorAccelerator24rounds togetherEndeavor CatalystCorporate VC18rounds togetherKaszek VenturesVC firm17rounds togetherInternational Finance CorporationGovernment13rounds togetherAndreessen HorowitzVC firm12rounds togetherFJ LabsVC firm12rounds together500 GlobalAngel11rounds togetherGeneral CatalystVC firm11rounds togetherQuona CapitalVC firm11rounds togetherAlumni VenturesVC firm10rounds togetherTiger Global ManagementVC firm10rounds together

Recently backed

The latest companies QED Investors put money into.

Collective$40M · Oct 2026Causa Prima$20M · Oct 2026IPID$16M · Oct 2026Charter Space$5.0M · Oct 2026Cloover$100M · Sept 2026Velocity$10M · Sept 2026

On podcasts

5 episodes naming QED Investors in the title, and 4 more that mention it.

Mentioned in

Quick answers about QED Investors

What does QED Investors invest in?

QED Investors invests most often at Series A and Series B (51% of the rounds on record), in sectors such as Paytech, Payment and Fin-tech.

How active is QED Investors?

314 investments on record, 47 of them in the last 12 months, and it led 31. The most recent was in Oct 2026.

What has QED Investors invested in recently?

Its most recent investments on record: Collective (Series B, Oct 2026), Causa Prima (Seed, Oct 2026) and IPID (Series A, Oct 2026).

How big are QED Investors's cheques?

The median round it joins is $29M. It says it writes cheques of $30K to $25M.

Does QED Investors lead rounds?

Sometimes: it led 31 of its 314 investments on record (10%).

Where does QED Investors invest?

Most of the companies it backs are in the United States (56%), Brazil (10%) and Singapore (8%).

Is QED Investors investing now?

Yes: it is actively investing, with 47 investments in the last 12 months.

Who does QED Investors invest alongside?

Most often Gaingels (25 rounds together), Y Combinator (24 rounds together) and Endeavor Catalyst (18 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it