<article>Australian venture capital firm Square Peg Capital is seeking more than A$200 million ($158 million) for its upcoming fund, according to an <a href="http://www.afr.com/street-talk/paul-bassats-square-peg-readies-for-new-fund-raise-20180312-h0xcct">AFR report</a>.</article>

Australian venture capital firm Square Peg Capital is seeking more than A$200 million ($158 million) for its upcoming fund, according to an <a href="http://www.afr.com/street-talk/paul-bassats-square-peg-readies-for-new-fund-raise-20180312-h0xcct">AFR report</a>.
The report added that Square Peg Capital, co-founded by Paul Bassat six years ago, has scheduled a meeting with potential investors in the coming weeks as part of its groundwork for the fundraising.
Square Peg Capital has not issued an official statement on the new fund as of this posting. The Melbourne-headquartered fund manager, which focuses on investments in Australia, Israel and Southeast Asia, closed its first formal fund at $180 million in 2017.
The VC firm was formed by Bassat and his co-founders Barry Brott, who was overseeing venture portfolio at Melbourne-based family office Jagen, Justin Liberman, Principal and Chief Executive at Jagen, and Tony Halt, a former investment banker at Merrill Lynch.
Bassat made his name as a successful entrepreneur who co-founded online job search website Seek Limited along with his brother Andrew in the late 90s. Seek is now listed on the Australian Stock Exchange and claims to be Australia’s number one employment marketplace.
In October, Square Peg led a $13-million investment round in Singapore-based Chope. Among other backers were C31 Ventures, Moelis Australia and return backers NSI Ventures, Susquehanna International Group, DSG Consumer Partners and Singapore Press Holdings.
The venture capital firm also counts Uber, in which it invested two and half years ago, among its portfolio companies.
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VC firm Square Peg Capital, which focuses on investments in Australia, Israel and Southeast Asia, closed its first formal fund at $180 million in 2017.

Australia's Square Peg Capital seeks over $158m for new fund - Report

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Australia's Square Peg Capital seeks over $158m for new fund - Report

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