Square Peg Capital is an Australia-based venture capital firm investing in early-stage technology companies across Australia, Israel, and Southeast Asia, with a separate Opportunities Fund that backs its strongest portfolio companies at later stages.
Square Peg Capital invests in fintech, artificial intelligence, enterprise software, developer tools and infrastructure, cybersecurity, and SaaS companies, with seed through Series A as its core sweet spot and a companion Opportunities Fund that backs later rounds, including Series B and beyond, in its strongest existing portfolio companies and select new, larger opportunities.
The firm's core regions are Australia and New Zealand, Israel, and Southeast Asia, with a Global Tech Fund making selective investments elsewhere.
Check sizes typically range from $250,000 to $30 million, with the firm targeting roughly 10% to 20% ownership per company.
Square Peg has backed companies including Canva, Airwallex, Rokt, Supabase, Stripe, and Deputy, and has returned more than $1.4 billion through exits across 19 companies since its founding in 2012, citing a 41 percent gross internal rate of return.
Square Peg Capital has raised more than $696 million combined across two new vehicles, Fund 6 and Opportunities Fund 3, in its largest raise to date.
Fund 6, the firm's early-stage vehicle, accounts for roughly 40% of the total, while Opportunities Fund 3, which backs larger and more mature companies, accounts for the remaining 60%.
Leadership
Square Peg Capital was co-founded in 2012 by Paul Bassat and Tony Holt, alongside Barry Brott and Justin Liberman. The investment team includes Partners Dan Krasnostein, Tushar Roy, Piruze Sabuncu, Philippe Schwartz, and Yonatan Sela, Leila Lee (Partner and Head of Distribution), and Amanda Hjorring (Partner and COO).
Investment Strategy
Square Peg invests from seed through Series A as its primary focus, using its Opportunities Fund to make larger, later-stage investments in its best-performing portfolio companies and select new opportunities. The firm operates from hubs in Melbourne, Sydney, Tel Aviv, and Singapore.
Notable Investments
Notable Exits
Paul Bassat, Co-Founder & Partner
Tony Holt, Co-Founder & Partner
Barry Brott, Co-Founder
Justin Liberman, Co-Founder & Joint Chairman
Dan Krasnostein, Partner
Tushar Roy, Partner
Piruze Sabuncu, Partner
Philippe Schwartz, Partner
Yonatan Sela, Partner
Jethro Cohen, Principal
Ed Barker, Principal
Roy Kimchi, Senior Associate
Jordan Martenstyn, Senior Associate
Grace Dalla-Bona, Associate
Jun Tan, Investor
Xiangyun Chen, Investor
Jono Manickam, Investor
Australia
