Australia's Square Peg Capital to focus on Series B investments in Southeast Asia

Australia's Square Peg Capital to focus on Series B investments in Southeast Asia

Square Peg Capital co-founder Paul Bassat (left) and PropertyGuru CEO Hari V. Krishnan

Australian venture capital firm Square Peg Capital, which recently closed its first formal fund, came into the spotlight in Southeast Asia in 2015 when it joined private equity heavyweight TPG and Indonesia’s Emtek in investing in the region’s largest property portal, PropertyGuru.

Two years on, it recently made another addition to its portfolio in the region —  restaurant booking app Chope — as the Melbourne-headquartered manager, which counts the world’s most valuable startup Uber, US-based payment processing unicorn Stripe and Israeli creative marketplace Fiverr, continues to take cautious baby steps in the region.

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