DEG commits to invest $13m in Quona Capital's latest fund 

Photo: DEG.

DEG, the development finance institution under German state-owned KfW, has committed $13 million to the latest vehicle of Washington and Bengaluru-headquartered venture capital firm Quona Capital.

In a statement, DEG said it invested together with other development finance institutions in the second closing of the Quona Accion Inclusion Fund III, which targets early-stage fintech and insurtech companies.  

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