Having backed a string of Aussie tech successes Josh Liberman has raised the bulk of a new fund to give Aussie investors access to emerging Israeli tech stars.
VC Square Peg raises $450m to ramp up Israel investment
Tel Aviv-based partner Philippe Schwartz: Founders are building companies in areas that were considered ‘out-of-scope’ for Israelis.
International venture capital firm Square Peg Capital announced today that it had closed its fourth generation of venture capital funds of $450 million. The firm says that it looks to ramp up its investments in Israel.
The raise, which takes Square Peg’s total capital commitments to over $1 billion, was led by Australian institutions HostPlus and AustralianSuper, and included family offices, financial institutions and founders. A fundraise represents a huge responsibility to deliver attractive returns to Square Peg’s limited partners, the majority of which are pension funds, family offices and founders. We do this by empowering exceptional founders, investing at the beginning of their journey, and then throughout their lifecycle as they seek to build world-class companies, Philippe S