TLDR:
- Square Peg is raising funds for its sixth fund and new Opportunities Fund 3.
- Co-founder Paul Bassat promises more returns to investors than the amount they invest.
Square Peg, a venture capital firm, is raising funds for its sixth fund and a new “Opportunities Fund 3”. Co-founder Paul Bassat has promised investors that more money will be returned to them than they will invest in the coming years. Despite facing tough times recently, the VC has seen its best performance in the last 24 months, with strong portfolio companies creating value and significant capital returns to early investors. The firm believes that artificial intelligence will be a defining technology theme, and they have made investments in AI-first businesses. Bassat also notes the quickening pace to revenue in the AI space.
