Australian VC Square Peg raises $450m fourth fund, to double down on SE Asia

Square Peg's Singapore-based partners Piruze Sabuncu (left) and Tushar Roy.

Square Peg, Australia’s largest pensions-backed venture capital firm, announced that it is ramping up its investments in Southeast Asia after closing its fourth pool of venture capital at $450 million.

The fundraising was led by Australian institutions HostPlus and AustralianSuper, and backed by CBA and Roc Partners. The latest vehicle takes Square Peg’s total funds under management to over $1 billion.

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