TLDR:
– Square Peg is a prominent venture capital firm in Australia alongside Airtree and Blackbird.
– Square Peg has managed to forge a different path from its peers by expanding its investments beyond Australia’s borders.
In the world of Australian venture capital, Square Peg, Airtree, and Blackbird are the big three firms. While all three were early investors in Canva and are currently raising new funds, Square Peg has managed to chart a different course. Founded by Paul Bassat, Square Peg manages around US$3 billion in assets, with a focus on investments in SaaS, AI, and fintech. The firm has recently garnered attention for the launch of a new democracy initiative by Bassat called Amplify. Despite this new venture, Bassat reassures that venture capital remains his ‘first love.’ This move has underscored the ways in which Square Peg is setting itself apart from its peers by expanding its investments beyond Australia’s shores. Overall, Square Peg’s unique approach within the Australian venture capital landscape has generated significant interest and speculation.
