Square Peg co-founder and partner Paul Bassat. Source: supplied
Paul Bassat’s Square Peg Ventures has closed its $600 million fourth fund, bringing its total committed capital to a whopping $1.4 billion for investment into Aussie, and global, startups.
The funding also comes at the end at what has, perhaps surprisingly, been a huge year for the Australian VC space, with new funds available totalling at least $1.6 billion.
Headed up by Seek co-founder and Aussie tech royalty Paul Bassat, Square Peg made its first investment back in 2012. Since then, it’s backed unicorns Airwallex and Canva, as well as the likes of Deputy, Q-CTRL, Athena, and more recently, fast-growing medtech startup HealthMatch.