Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund

Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund

Square Peg, Australia’s largest pensions-backed venture capital (VC) firm, announced that it has raised $550 million for its fifth fund, which will focus on tech founders in Australia, Southeast Asia, and Israel.

The fund, which secured commitments from new and returning investors, brings Square Peg’s total funds raised to date to over $1.6 billion since its inception 10 years ago. The latest fundraising was backed by Australian industry fund Hostplus, pension fund AustralianSuper, and fund-of-funds manager Roc Partners.

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