Aditya Hadi Pratama · · 1 min readSquare Peg raises $550m to invest in SEA, among others
VC firm Square Peg Capital has raised US$550 million for its fifth fund focused on tech startups in Southeast Asia, Australia, and Israel.
This brings the Australia-based company’s total capital raised to US$1.6 billion across its five funds.
The Square Peg Capital team / Source: Square Peg Capital
In a statement, the firm’s co-founder Paul Bassat said that US$350 million will go to early-stage startups while the rest will be used for late-stage deals.
Square Peg also said that the fund’s announcement comes as it continues to see growing potential in the Southeast Asia region, specifically in the sectors of consumer internet, fintech, edtech, future of work, healthtech, and software as a service.
Founded in 2012, Square Peg is one of Australia’s largest VC firms with assets under management of more than US$1.6 billion. The firm added that it has a 43% internal rate of return based on its exits.
It counts prominent companies such as Airwallex, Canva, Neuron Mobility, FinAccel, and Doctor Anywhere as part of its portfolio. Meanwhile, its investors include Hostplus and AustralianSuper.
See also: Meet the 50 top-funded startups and tech companies in Southeast Asia
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
