DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / QED Investors, LLC
QED Investors, LLC
both early and growth/opportunity families, reported GAV $4,213M
Importance
73
high
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
25
moderate
Identity and regulatory footprint
- Headquarters
- Alexandria, VAadviserinfo.sec.gov
- Office address
- 405 CAMERON STREET, Alexandria, VA, 22314adviserinfo.sec.gov
- Business phone
- (703) 862-3296adviserinfo.sec.gov
- Website
- HTTP://WWW.QEDINVESTORS.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Apr 7, 2026
- Private funds reported
- 34 (34 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $3.3Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- (703) 862-3296adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
102 observed deals
Stated (the firm’s website)
- Sectors
- fintech, space, proptech, logistics, media, b2b
- Stages
- pre seed, seed, series a, growth, early, multi stage
- Geography
- africa, asia, europe, globally, india, latin america, singapore, virginia
- Check size
- $15.0M to $20.0M stated by the firm
- Self-described
- venture capital
“Growth Fund II will likely make 5-7 investments each year, with an average total investment size of $15-20 million.”
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 98%Other 1%Other Technology 1%
lead rate n/afollow-on rate n/anew logos, 12 months 102
Funds and vehicles
34 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| QED KN Holdings, LLC | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $1.1M of $1.1M | Aug 13, 2025 |
| QED Fund Viii, LP | Fund | 2024 adv first reported | Early deployment | $650M Mar 28, 2024 | 185 | $0 of $600M | Apr 28, 2023 |
| QED Growth Fund II, LP | Growth fund | 2024 adv first reported | Early deployment | $508M Mar 28, 2024 | 139 | $0 of $250M | Apr 28, 2023 |
| Fontes III, LP | Fund | 2024 form d first sale | Early deployment | unknown | unknown | $10.0M | Jun 13, 2024 |
| QED Sol Holdings, LLC | Fund | 2023 adv first reported | Active deployment | $25.0M Mar 28, 2024 | 6 | unknown | unknown |
| Fontes II, LP | Fund | 2023 adv first reported | Active deployment | $11.6M Mar 28, 2024 | 10 | $0 of $8.0M | May 11, 2022 |
| QED Cds Holdings, LLC | Fund | 2023 adv first reported | Active deployment | $5.0M Mar 28, 2024 | 1 | $0 of $4.0M | Dec 16, 2021 |
| QED Bf Holdings, LLC | Fund | 2023 adv first reported | Active deployment | $5.0M Mar 28, 2024 | 1 | $0 | Jan 20, 2022 |
| QED Ml Holdings LLC | Fund | 2022 adv first reported | Active deployment | $68.4M Mar 28, 2024 | 1 | unknown | unknown |
| Bolt I, LP | Fund | 2022 adv first reported | Active deployment | $21.3M Mar 28, 2024 | 1 | unknown | unknown |
| Fontes I, LP | Fund | 2022 adv first reported | Active deployment | $16.9M Mar 28, 2024 | 77 | $0 of $12.0M | Apr 23, 2021 |
| QED Sun Holdings, LLC | Fund | 2022 form d first sale | Active deployment | $13.4M Mar 28, 2024 | 6 | $2.3M of $2.3M | May 17, 2022 |
| QED Mnd Holdings, LLC | Fund | 2021 form d first sale | Mature | $35.0M Mar 28, 2024 | 33 | $35.0M of $35.0M | Sep 10, 2021 |
| QED Btc Holdings, LLC | Fund | 2021 form d first sale | Mature | $25.7M Mar 28, 2024 | 19 | $5.0M of $5.0M | Mar 18, 2021 |
| QED Shk Holdings LLC | Fund | 2021 form d first sale | Mature | $10.0M Mar 28, 2024 | 17 | $10.0M of $10.0M | Dec 2, 2021 |
| QED Kfo Holdings, LLC | Fund | 2021 form d first sale | Mature | $8.5M Mar 28, 2024 | 2 | $7.0M of $7.0M | Sep 23, 2021 |
| QED Fund VI, LP | Fund | 2020 form d first sale | Mature | $859M Mar 28, 2024 | 137 | $350M of $350M | Feb 26, 2020 |
| QED Ws Holdings LLC | Fund | 2019 form d first sale | Mature | $10.9M Mar 28, 2024 | 2 | $1.3M of $1.3M | May 24, 2019 |
| QED Fund VII, LP | Fund | unknown | Unknown | $538M Mar 28, 2024 | 557 | $0 of $500M | Aug 5, 2021 |
| QED Growth Fund, LP | Growth fund | unknown | Unknown | $508M Mar 28, 2024 | 262 | $0 of $450M | Aug 5, 2021 |
| QED Fund III LP | Fund | unknown | Unknown | $209M Mar 28, 2024 | 5 | unknown | unknown |
| QED Fund V, LP | Fund | unknown | Unknown | $177M Mar 28, 2024 | 21 | $0 of $150M | Jun 8, 2018 |
| QED Fund IV, LP | Fund | unknown | Unknown | $173M Mar 28, 2024 | 2 | unknown | unknown |
| QED Venture Build Fund I, LP | Fund | unknown | Unknown | $119M Mar 28, 2024 | 2 | unknown | unknown |
| QED Latam Fund, LP | Fund | unknown | Unknown | $58.5M Mar 28, 2024 | 3 | $0 of $30.0M | Oct 18, 2016 |
| QED Latam Fund II, LP | Fund | unknown | Unknown | $45.9M Mar 28, 2024 | 2 | $0 of $25.0M | Oct 18, 2018 |
| QED Fund II LP | Fund | unknown | Unknown | $39.4M Mar 28, 2024 | 5 | unknown | unknown |
| QED Access Fund, LP | Fund | unknown | Unknown | $24.6M Mar 28, 2024 | 2 | unknown | unknown |
| QED One Holdings, LLC | Fund | unknown | Unknown | $18.5M Mar 28, 2024 | 1 | unknown | unknown |
| QED Cl Holdings LLC | Fund | unknown | Unknown | $11.4M Mar 28, 2024 | 2 | unknown | unknown |
| QED Kvk Holdings, LLC | Fund | unknown | Unknown | $8.0M Mar 28, 2024 | 5 | unknown | unknown |
| QED Lft Holdings, LLC | Fund | unknown | Unknown | $5.0M Mar 28, 2024 | 1 | unknown | unknown |
| QED Nm Holdings, LLC | Fund | unknown | Unknown | $4.0M Mar 28, 2024 | 1 | unknown | unknown |
| QED Fund I LP | Fund | unknown | Unknown | $33,098 Mar 28, 2024 | 3 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
41 current, 0 departed
John Crenshaw
Board or advisorySenior Advisor & Executive in Residence
Frank Rotman
General partnerCo-Founder and Partner Emeritus
Karene Brown
Investor relationsVice President, Investor Relations and Engagement
Nigel Morris
Managing partnerCo-Founder and Managing Partner
Nigel William Morris
Managing partnerManaging Partner · since Aug 1, 2008
Nigel William Morris
Managing partnerManaging Partner · since Aug 1, 2008
Founders’ Playbook Press Kit
OtherBlog Podcast Research Videos Tweets
Nick Gasbarro
OtherChief of Staff
Sov Ballard
OtherExecutive Administrator
Amias Gerety
PartnerPartner, Head of U.S.
Bill Cilluffo
PartnerPartner and Head of Early Stage Investments
Camila Vieira
PartnerPartner, Head of Brazil
Fernando Gonzalez
PartnerPartner, Global Capital Strategy
Frank L Rotman
PartnerPartner · since Aug 1, 2008
Gbenga Ajayi
PartnerPartner, Head of Africa and Middle East
Laura Bock
PartnerPartner
Matt Risley
PartnerPartner Emeritus
Mike Packer
PartnerPartner, Head of Growth
Miles Reidy
PartnerPartner Emeritus
Monty Morris
PartnerCanine Executive Officer
Sandeep Patil
PartnerPartner, Head of Asia-Pacific
Shardae Simpson
PartnerExecutive Business Partner
Victoria Zuo
PartnerPartner
William Cilluffo
PartnerPartner · since Jan 1, 2015
William Cilluffo
PartnerPartner · since Jan 1, 2015
Adiam Berhane
Platform and operationsAccounting Manager
Amaree Rodriques
Platform and operationsExecutive assistant
Anne Bailey
Platform and operationsVice President, Platform – Investment Operations
Ashley Marshall
Platform and operationsDirector of PR and Communications
James Wayne Loving
Platform and operationsChief Financial Officer · since Jan 1, 2016
James Wayne Loving
Platform and operationsChief Financial Officer · since Jan 1, 2016
Jamie Loving
Platform and operationsCFO
Katya Marin
Platform and operationsVice President - Finance
Maryalice Viljoen
Platform and operationsVice President of Administration & Talent Development
Matt Bolander
Platform and operationsBusiness Operations Associate
Alex Taub
PrincipalPrincipal
Ana Cristina Gadala-Maria
PrincipalPrincipal
Enrique Hausmann
PrincipalPrincipal
Kshitij Jayakrishnan
PrincipalPrincipal
Laura Stenmark
PrincipalDirector of Tax
Shruti Batra
PrincipalPrincipal
Investments on record
102 edges, 101 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
40 relationships from shared deals, counted for the whole firm
Nyca Management LLC 5 shared · strongHaymaker Ventures LLC 4 shared · strongValor Growth Management LLC 3 shared · recurringAnthemis 3 shared · recurringTTV Capital 2 shared · recurringCoatue Management, L.L.C. 2 shared · recurringCore Venture Capital 2 shared · recurringIndex Ventures Sa 2 shared · recurringBling Capital LLC 2 shared · recurringAlpha Ascent Ventures LLC 2 shared · recurringHealthy Ventures Management, LLC 2 shared · recurringMotley Fool Ventures 2 shared · recurringShine Capital 2 shared · recurringPruven Management Company, LLC 2 shared · recurringHummingbird Ventures V US GP LLC 2 shared · recurringHyde Park Venture Partners 2 shared · recurringAnsa Capital Management, LLC 2 shared · recurringIN Venture 1 shared · one timeMonashees 1 shared · one time8-Bit Capital Management, LLC 1 shared · one timeUpfront Ventures 1 shared · one timeDiagram Corporation 1 shared · one timeDynamism Capital LP 1 shared · one timeFika Ventures 1 shared · one timeCorazon Group LLC 1 shared · one timeAccion 1 shared · one timeAlkeon Capital Management, LLC 1 shared · one timePropel Venture Partners Management Co. 1 shared · one timeCSC Upshot Ventures Management, LLC 1 shared · one timeA-Star Partners, LLC 1 shared · one timeSwift Ventures 1 shared · one timeHack Vc Management, LLC 1 shared · one timeCourtside Ventures 1 shared · one timeLightspeed Faction 1 shared · one timeGrdnt LLC 1 shared · one timeAdvent Life Sciences LLP 1 shared · one timeMission Biocapital 1 shared · one timeAlleycorp Advisers, LLC 1 shared · one timeInterplay Ventures Early Stage Management LLC 1 shared · one timeStrobe Ventures 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
34 dated events
- Sep 16, 2026Avant no longer listed on QED Investors, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceAvantVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 28, 2024QED Growth Fund II, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $508,213,724Fund first reported on Form ADVFundsFactQED Growth Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2024QED Fund Viii, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $650,000,000Fund first reported on Form ADVFundsFactQED Fund Viii, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023Fontes II, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $2,650,000Fund first reported on Form ADVFundsFactFontes II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023QED Sol Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $25,045,418Fund first reported on Form ADVFundsFactQED Sol Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023QED Cds Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $4,011,419Fund first reported on Form ADVFundsFactQED Cds Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023QED Bf Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $5,020,955Fund first reported on Form ADVFundsFactQED Bf Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Fontes I, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $14,232,407Fund first reported on Form ADVFundsFactFontes I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022QED Shk Holdings LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $10,000,000Fund first reported on Form ADVFundsFactQED Shk Holdings LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022QED Sun Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $10,999,998Fund first reported on Form ADVFundsFactQED Sun Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022QED Ml Holdings LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $40,119,500Fund first reported on Form ADVFundsFactQED Ml Holdings LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022QED Mnd Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $34,999,993Fund first reported on Form ADVFundsFactQED Mnd Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Bolt I, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $13,451,356Fund first reported on Form ADVFundsFactBolt I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Fund II LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $177,689,566Fund first reported on Form ADVFundsFactQED Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Fund I LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $20,953,496Fund first reported on Form ADVFundsFactQED Fund I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Cl Holdings LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $40,062,313Fund first reported on Form ADVFundsFactQED Cl Holdings LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Ws Holdings LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $3,297,206Fund first reported on Form ADVFundsFactQED Ws Holdings LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Investors, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Fund IV, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $287,587,670Fund first reported on Form ADVFundsFactQED Fund IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Growth Fund, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $456,655,000Fund first reported on Form ADVFundsFactQED Growth Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Fund VII, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $524,545,000Fund first reported on Form ADVFundsFactQED Fund VII, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Latam Fund, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $88,804,444Fund first reported on Form ADVFundsFactQED Latam Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Fund V, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $301,732,000Fund first reported on Form ADVFundsFactQED Fund V, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Fund III LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $409,239,412Fund first reported on Form ADVFundsFactQED Fund III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Fund VI, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $655,041,000Fund first reported on Form ADVFundsFactQED Fund VI, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Venture Build Fund I, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $155,257,268Fund first reported on Form ADVFundsFactQED Venture Build Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Btc Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $133,947,211Fund first reported on Form ADVFundsFactQED Btc Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Kfo Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $6,000,003Fund first reported on Form ADVFundsFactQED Kfo Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Access Fund, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $13,269,000Fund first reported on Form ADVFundsFactQED Access Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Kvk Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $45,127,409Fund first reported on Form ADVFundsFactQED Kvk Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Nm Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $8,044,043Fund first reported on Form ADVFundsFactQED Nm Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Lft Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $6,249,973Fund first reported on Form ADVFundsFactQED Lft Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED One Holdings, LLC first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $3,048,000Fund first reported on Form ADVFundsFactQED One Holdings, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 23, 2021QED Latam Fund II, LP first reported on Form ADV by QED Investors, LLC (Venture Capital Fund), GAV $131,307,000Fund first reported on Form ADVFundsFactQED Latam Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $4,213M
Evidence
51 observations from 4 sources