Founder, SEEK · angel in 2 deals
Every published round Paul Bassat took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Canva | Unnamed stage | 21 May 2019 | $101m | Participant | SmartCompany (Mon 28 Aug 2023), SmartCompany (Tue 23 Jun 2020), SmartCompany (Tue 17 Dec 2019), SmartCompany (Thu 17 Oct 2019), Startup Daily (Thu 17 Oct 2019), SmartCompany (Tue 21 May 2019), Startup Daily (Tue 21 May 2019), Startup Daily (Mon 20 May 2019), TechCrunch Venture | |
| Canva | Seed | 19 Mar 2013 | $3m | Participant | TechCrunch Venture, SmartCompany |
Companies Paul Bassat has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Canva | 19 Mar 2013, Seed | 2 | 0 |
Fund closes reported for Paul Bassat, as distinct from the investments it has made.
Companies Paul Bassat has backed that another company then bought. An exit for the holding, not a deal Paul Bassat did.
Stories naming Paul Bassat. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Venture firm Square Peg has confirmed two funds holding more than $1 billion between them, alongside a look back at its biggest bets, sell-downs and the acquisitions that delivered windfalls.
Also Dealroom
Future Secure AI's pre-listing round, led by Robin Khuda, Square Peg, Yarra Capital, Firetrail and Macquarie Asset Management, is nearing completion, with notes converting at a US$1.3 billion ceiling before an ASX float.
LaunchVic selected nine Victorian start-ups, including Preezie, for a mentoring bootcamp with executives from Atlassian, Uber, Dropbox, Seek and Canva.
Roundup of a quiet funding week: Melbourne workforce-platform maker 2cloudnine banked over $7.5m, algae-ingredient maker SeaStock $740,000 from government accelerator FaBA, while San Francisco's Sumble emerged with $59m.
Also Startup Daily
Melbourne adtech firm Cuttable has added $4.5 million to its seed round with Square Peg leading, taking total backing to $10 million and valuing the business at $44.5 million ahead of its US push.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Square Peg led AI procurement startup Source's US$1.4 million pre-seed round, joined by TEN13 and angels including Stripe's former CTO; the platform automates purchasing for small retailers.
Airwallex has wrapped a $465 million Series F at a $9.6 billion valuation; Blackbird joins for the first time and half the round is a secondary sale for early backers.
Athletic Ventures, started by former athletes, has closed its debut fund at $25 million, with about 100 sports stars and several veteran venture figures backing it as limited partners.
Weekly roundup of three Australian raises: adtech firm Cuttable's seed round, Fundabl's equity round and SeenCulture's funding, naming investors, plus new Cuttable co-CEOs and a board appointment.
Roundup of five raises across Australia and New Zealand: Constantinople's $50m Series A, Illuvium's US$12m, Forever Network's $6m, Starboard's NZ$5m seed and Medibis's $736,000 crowdfunding.
Square Peg profiles its Global Tech Fund, a listed-markets strategy applying its venture investing approach to early-stage public tech companies, and outlines its team, edge, and focus on fintech, software and AI.
Breakthrough Victoria defends its spending and investment record against critics urging its abolition, pointing to portfolio companies, university partnerships and recent backing of startups including Aravax.
Square Peg's blog carries an AGM conversation in which co-founder Paul Bassat interviews Airwallex co-founder Lucy Liu about scaling the payments fintech, rivals, product strategy and how founders delegate as firms grow.
Wollemi Capital, the Sydney climate investor, has closed a $220m raise, past its initial $100m goal, backed by CBA, Trawalla and others; the article recalls its bets on Loam Bio, Pluton Bio and Pachama.
Square Peg has promoted James Tynan, a 2020 hire who previously ran Startmate, to partner; the piece also lists startups he has backed for the firm, such as Vow, Neara, Partly and Blinq.
Australian venture investors AirTree, Blackbird, Square Peg and OneVentures review their 2022 deployment and fund raises and predict capital efficiency, venture credit, consolidation and selective funding will shape 2023.
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Square Peg and Wellington Management bought more shares of Rokt from employees and investors in a secondary sale, lifting its valuation, while its earlier funding rounds are recapped ahead of a planned IPO.
Also Forbes Australia
Airwallex has secured a $100 million Series E-2 extension at an unchanged $5.5 billion valuation, joined by existing backers plus HostPlus, to fund growth, new products and acquisitions.
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Sydney clinical trials platform HealthMatch raised a $10 million Series C led by Folklore Ventures with Square Peg participating, after laying off half its staff in June; funds will support rehiring and US expansion.
Also SmartCompany·Techboard
Square Peg's retrospective of 2019: five new portfolio companies, several large rounds it led or co-led, two acquisitions, two IPOs, new team members, and its capital deployed across new and follow-on deals.
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Australian venture firms Airtree, Square Peg and Blackbird have written down their Canva stakes, valuing the design company well below its last raise, amid wider market corrections hitting Klarna and other late-stage startups.
Square Peg's post explains why it led mortgage platform Athena's $70 million Series C, with Hostplus and Airtree reinvesting and Australian Super, NAB Ventures and Salesforce Ventures joining as new backers.
Square Peg looks back on putting US$6 million into Airwallex's Series A+ alongside Tencent, Sequoia China, Gobi Partners and MasterCard, explaining why cross-border payment infrastructure needs fixing.
Square Peg Capital's year-in-review recaps its 2021 portfolio: raises it led or joined, SPAC listing decisions, Vend's acquisition, new investment-team hires, and its newsletter and podcast output.
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Rokt's Series E tops a week of Australian raises including Dovetail, Inventia, DiviPay, Atomi, 6clicks, Replica Studios and ProForm Foods, with SimPro's recent raise noted.
Square Peg's podcast special explores how founders build talent engines, featuring interviews with leaders from Deputy, Vend, Aconex, Fiverr, Zeller and others, published alongside the firm's search for a new Head of Talent.
A weekly technology roundup reporting a New Zealand booking software firm's sale, an Australian beauty retailer's acquisition, several venture raises, executive share sales at an e-commerce firm, and a new government fund committee.
Mortgage lender Athena has raised a $90 million Series D led by Square Peg Capital with earlier backers returning. The piece recalls its earlier Series A, B and C raises and lists other investors.
Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech
Ignition Lane's weekly technology roundup: Seequent and Neto acquisitions, imminent listings for AirTasker and MadPaws, large venture rounds at Stripe, Yotpo, PatSnap, SecurityScorecard, Appfire and OpenSea, plus new fund plans and ecosystem news.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·Business News Australia
Square Peg Capital recaps 2020: eight new investments including Zeller and HealthMatch, a US$450 million fourth fund close, follow-ons, new hires across Sydney, Singapore and Israel, and portfolio updates.
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Weekly newsletter rounds up venture news: multiple Australian and regional VC fund closes, startup raises including Brighte and Judo, acquisitions of eNett and Sine, neobank collapses, and new revenue-based lenders.
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Square Peg has closed a $600 million fourth fund, capping a year in which Australian venture funds collectively gathered over $1.6 billion, with closes by Blackbird, OneVentures, Equity Venture Partners, Antler, Tidal and others.
Podcast episode in which Square Peg partners discuss investing across Australia, Southeast Asia and Israel, marking the close of the firm's fourth generation of funds totalling AU$600 million.
Also Square Peg Capital portfolio·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Square Peg led HealthMatch's $18 million round, with the Turnbilns, the Carps and January Capital joining; Tempus Partners returned. Square Peg earlier led HealthMatch's $6 million series A, and UHG was acquired by Medhealth.
Roundup of seven startup funding deals, led by Airwallex's $57 million Series D add-on, with new raises at Capify, Snappr, LivePreso, TradeSquare, WeMoney and Catalyst.
Fintech unicorn Airwallex has extended its Series D with a fresh US$40 million injection, drawing first-time backing from Skip Capital plus Square Peg, as the company reports strong pandemic-driven customer and revenue growth.
Also Startup Daily·Women's Agenda·Australian FinTech·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Australian FinTech·Australian FinTech·TechCrunch Venture
Atlassian has launched a corporate venture vehicle to back startups building on its cloud products, with two companies already funded; the piece also notes recent fund raises by several Australian venture firms.
Impact Investment Group launches a $70 million Impact Alternatives fund of funds for impact investing, while several Australian funds including OneVentures, Tidal, Square Peg and Blackbird have recently raised new funds.
Square Peg has raised $350 million toward its fourth fund, lifting assets under management past $1 billion, with super funds among backers; co-founder Paul Bassat predicts a coming innovation boom.
Also SmartCompany