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Venture Firm QED Raises $925 Million for Fintech Investing

  • Firm will be investing from early through growth stage
  • QED has backed Credit Karma, Klarna, Nubank, Remitly

QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for two new funds. 

The firm, based in Alexandria, Virginia, said it has closed on $650 million for its early stage fund and $275 million for what it calls an early growth-stage fund.