Meet the Venture Capitalists · Firm Profile
QED Investors
Founded in 2007 by Nigel Morris with former Capital One colleagues Frank Rotman and Caribou Honig. Invests only in financial services, from credit and lending to insurance, wealth management, proptech, banking as a service and embedded finance, across the entire lifecycle from pre-seed to IPO, with named early and growth vehicles including Belay and Fontes.
Criteria: States $4.0 billion under management and $2.4 billion invested, operating in 20 countries across five continents: the United States since 2007, Europe since 2012, Latin America since 2014, Asia and India since 2021, Africa since 2022. Publishes its cheque arithmetic: typical initial checks of $3 million to $10 million, an early-stage average of approximately $15 million in total, and growth investments of $15 million to $20 million. States it looks for durable businesses built on strong unit economics, and that it avoids companies that have a new technology and are looking for a place to use it.
What this means for your pitchLead with unit economics, because they state plainly that is the foundation they underwrite. The founding partners spent careers inside Capital One, so expect credit-grade scrutiny of your numbers, not vibes. And if your story is a technology in search of a use case, they have told you in advance that they will pass.
QED InvestorsChecked 18 August 2026
From QED Investors's own site and announcements · checked 26 August 2026 · selective, not comprehensive · verify on the firm's pages
QED announced an investment in Velocity, which builds stablecoin-based settlement infrastructure for global payments across cross-border FX and on- and off-ramps, network settlement, and enterprise treasury; the round was not stated in the post.
QED published six takeaways on the stablecoin ecosystem from the Bitso Stablecoin Conference in Mexico City. The firm states it views stablecoins as financial infrastructure rather than a standalone crypto category.
QED partner Amias Gerety published a thesis post arguing that AI agents acting as autonomous economic actors will need a new financial stack, naming stablecoin payments, agent bank accounts, fraud detection, reputation systems, and observability tools as areas to build. The post cites QED portfolio companies Meow and Catena Labs as early examples.