Israeli-Australian VC firm Square Peg raises $250 million in commitments
The funding is intended for Square Peg’s fourth core fund as well as a separate fund dedicated to later-stage investments in existing portfolio companies
Meir Orbach | 18:11 16.06.2020
Israeli-Australian venture capital firm Square Peg Capital Pty Ltd. announced Tuesday it has raised $250 million in commitments. The funding is intended for Square Peg’s fourth core fund as well as a separate fund dedicated to later-stage investments in existing portfolio companies. A significant portion of the new funds come from Australian pension companies Host-Plus Pty Ltd. and AustralianSuper. Based in Sydney, Melbourne, and Tel Aviv, Square Peg invests in Israeli, Australian, and Southeast Asian companies. The Israeli market represents around 40% of the firm’s investments, Philippe Schwartz, a partner at Square Peg, who had recently relocated back to the Tel Aviv office after five years in the firm’s Boston office, said in a statement.