Square Peg

Profile

Square Peg is a venture capital firm based in Australia, co-founded by Paul Bassat and Tony Holt in 2012. The firm has carved out a space in the venture capital landscape with its distinctive two-fund model, allowing it to preserve fund discipline at different stages. It has a robust team that serves the Asia-Pacific region and selectively around the world, focusing on nurturing potential high-growth companies in specific sectors.

Square Peg invests primarily in early stages, focusing on sectors like AI, Fintech, and SaaS. Their investment ranges cover seed through Series B, with check sizes inferred to match early-stage rounds. While their primary geography is Australia, they also make selective global investments. Their assets under management have grown significantly, now exceeding $1 billion across various funds, supported by recurring LP interest particularly from major Australian institutional backers.

Notable investments by Square Peg include Canva, a graphic design tool; Rokt, focused on ecommerce marketing; Doctor Anywhere, a telehealth service; Airwallex, a financial services platform; and Kredivo, providing credit services in Southeast Asia. These investments exemplify Square Peg's emphasis on technology-driven solutions poised for growth in the Asia-Pacific region.