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Square Peg is a venture capital firm founded in 2012 and headquartered in Melbourne, Australia. The firm was established by Paul Bassat, Barry Brott, Justin Liberman, and Tony Holt, who aimed to support founders in the Asia-Pacific (APAC) region, particularly in technology markets. Over the years, Square Peg has evolved into a significant player in the Australian VC ecosystem, demonstrating that world-class technology companies can emerge from the APAC region.
As of December 2024, Square Peg manages over $3.25 billion in assets across multiple funds, including Fund 4, Fund 5, and the Opportunities Fund. The firm has expanded its presence beyond Australia to include offices in Singapore and Tel Aviv, Israel, allowing it to tap into diverse markets and talent pools. Square Peg has played a crucial role in the growth of the Australian venture capital landscape, contributing to the emergence of numerous successful startups.
Square Peg invests primarily in technology sectors, with a strong emphasis on artificial intelligence (AI), fintech, and software as a service (SaaS). The firm targets early-stage companies, providing funding from seed to Series B and beyond. Its geographic focus spans the APAC region, including Australia, Southeast Asia, and Israel, where it identifies fast-growing technology markets.
The firm employs a barbell investment strategy, allowing it to support early-stage founders while also participating in later-stage follow-ons through its Opportunities Fund. Square Peg seeks to partner with exceptional founders who demonstrate strong potential for growth and innovation in their respective fields.
Square Peg's portfolio includes several notable companies that exemplify its investment strategy:
Paul Bassat – Co-Founder & Partner; co-founded SEEK, Australia's leading jobs marketplace, and is a respected figure in the tech industry.
Tony Holt – Co-Founder & Partner; instrumental in building Square Peg's investment strategy and portfolio.
Dan Krasnostein – Partner; focuses on technology investments and has extensive experience in venture capital.
Tushar Roy – Partner; specializes in early-stage investments and has a strong background in technology.
Piruze Sabuncu – Partner; brings expertise in scaling technology companies and market strategy.
Philippe Schwartz – Partner; focuses on investments in fintech and SaaS sectors.
Yonatan Sela – Partner; has a strong network in Israel and focuses on cross-border investments.
Ed Barker – Principal; involved in sourcing and evaluating new investment opportunities.
Jethro Cohen – Principal; focuses on portfolio management and operational support.
Grace Dalla-Bona – Associate; supports investment analysis and due diligence.
Roy Kimchi – Senior Associate; involved in deal sourcing and portfolio management.
Jackson Luff – Senior Associate; focuses on technology investments and market analysis.
Jun Wei Tan – Principal; specializes in Southeast Asian markets and technology sectors.
Jono Manickam – Associate; supports investment processes and portfolio management.
Xiangyun (XY) Chen – Senior Associate; focuses on technology investments and market research.
Barry Brott – Co-founder; has extensive experience in venture capital and startup ecosystems.
Justin Liberman – Co-founder; focuses on investment strategy and portfolio development.
To pitch to Square Peg, founders should visit their website at squarepeg.vc and submit their proposals. The firm prefers detailed decks that outline the business model, market opportunity, and team background. Response times may vary, but founders are encouraged to seek warm introductions when possible.
In May 2025, Square Peg led a $300 million Series F investment in Airwallex, valuing the company at $6.2 billion. This investment highlights Square Peg's commitment to supporting high-growth fintech companies.
Additionally, Square Peg participated in a secondary round for Rokt, which is now valued at $3.5 billion, selling approximately 30% of its early positions while maintaining a majority stake.
As of December 2024, Square Peg reported a 20% year-over-year growth in portfolio value, with over $800 million returned to limited partners at a gross multiple of 6x.
Q?
What are Square Peg's investment criteria?
Square Peg invests in early-stage technology companies across AI, fintech, and SaaS sectors, primarily in the APAC region, from seed to Series B.
Q?
How can I pitch to Square Peg?
Founders can pitch their startups through the firm's website at squarepeg.vc or by emailing investorrelations@squarepeg.vc.
Q?
What makes Square Peg different from other VC firms?
Square Peg combines local partnerships with a global network, providing strategic guidance and follow-on funding opportunities to its portfolio companies.
Q?
What is the geographic scope of Square Peg's investments?
Square Peg focuses on the Asia-Pacific region, including Australia, Southeast Asia, and Israel.
Q?
What is the typical check size for investments?
Square Peg invests across various stages, but specific check size ranges are not publicly disclosed.
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