Quona Capital, a Washington, DC-based emerging markets venture capital firm, closed its Fund III, at $332m.
Quona’s Fund III investors include an array of leading global asset managers, insurance companies, investment and commercial banks, university endowments, foundations, family offices and development finance institutions. The majority of Fund III investors returned from prior Quona funds, joined by more than 20 new relationships.
Co-founded in 2015 by managing partners Monica Brand Engel, Jonathan Whittle, and Ganesh Rengaswamy, Quona focuses its investments on innovative technology companies that are expanding access to financial services for underserved consumers and businesses in Latin America, India, Southeast Asia, Africa and MENA.
This is the third fund from Quona Capital since its inception, bringing the firm’s aggregate committed capital to over $745 million.