TLDR:
– Square Peg is aiming to raise $843 million for its sixth fund.
– The firm has returned over $1 billion to shareholders since its inception.
One of Australia’s leading venture capital firms, Square Peg, has announced plans to raise $843 million for its sixth fund, showcasing its impressive track record of returning over $1 billion to shareholders since its founding 12 years ago. The firm will be seeking investors in a challenging market environment, with pressure mounting on super funds to be more transparent about their investments in private companies. Square Peg’s success has been driven by diverse exits from its earliest funds, with a focus on emerging tech companies with high growth potential.
Square Peg is looking to raise funds in a changing market, with valuations for loss-making start-ups on the decline. The firm has demonstrated strong returns to early backers, with a focus on diverse exits from its portfolio companies. Square Peg’s success has been driven by strategic investments in emerging tech companies, with a focus on potentially lucrative holdings like Airwallex, Rokt, and Zeller.
Overall, Square Peg’s aim to raise $843 million for its sixth fund demonstrates its confidence in the local technology sector and its ability to deliver strong returns to investors.
