Venture capital fund · 94 deals
Surry Hills, NSW
Every published round Square Peg Capital 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.
Companies Square Peg Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| AgriDigital | Dec 2021, Series A | 1 | 0 | |
| Aidoc | 2Q 2019, Series B | 1 | 1 | |
| Airwallex | May 2017, Series A | 8 | 2 | |
| Alloy Technologies | 12 Aug 2026, Seed | 1 | 1 | |
| Amber Electric | 11 Sep 2019, Seed | 5 | 3 | |
| Athena | May 2018, Series A | 5 | 3 | |
| Blinq | 17 May 2022, Seed | 3 | 0 | |
| Canva | 21 Jul 2014 | 1 | 0 | |
| Chronicle | 22 Feb 2023, Seed | 1 | 1 | |
| Constantinople | May 2022, Seed | 3 | 2 | |
| Cuttable | 22 Jul 2024, Seed | 4 | 2 | |
| Deci | 28 Oct 2020, Seed | 1 | 1 | |
| Deputy | 28 Nov 2018, Series B | 2 | 0 | |
| Desty | 22 Jun 2022, Series A | 1 | 0 | |
| Doctor Anywhere | 7 Apr 2022, Series B | 1 | 1 | |
| Earlywork | 21 Mar 2022, Pre-seed | 1 | 1 | |
| GoodWork.ai | 8 Dec 2024, Seed | 1 | 1 | |
| HealthMatch | 6 Nov 2019, Series A | 3 | 2 | |
| Joyous | 23 Dec 2021, Series A | 1 | 1 | |
| Lightbits Labs | 1Q 2019 | 1 | 0 | |
| Lorikeet | 3 Oct 2024, Seed | 3 | 1 | |
| LottieFiles | 16 May 2022, Series B | 1 | 1 | |
| Lounge | 8 Nov 2023, Seed | 1 | 1 | |
| Neara | 5 Aug 2021, Series A | 6 | 2 | |
| Neuron | 4Q 2019, Series A | 1 | 1 | |
| Neuron Mobility | 1 Oct 2020, Series A | 1 | 1 | |
| NexusMD | 23 Jun 2025, Seed | 1 | 1 | |
| OwnHome | 4 Feb 2022, Series A | 1 | 1 | |
| Partly | Dec 2022, Series A | 1 | 0 | |
| Pluang | 23 Dec 2021, Series B | 1 | 1 | |
| Puresec | 2018, Series A | 1 | 0 | |
| Q-CTRL | 11 Sep 2019, Series A | 2 | 1 | |
| Retrain.ai | 11 Mar 2021, Series A | 1 | 1 | |
| Rokt | 26 Oct 2020, Series D+ | 3 | 0 | |
| Saasguru | 7 Feb 2022, Pre-seed | 2 | 2 | |
| Source | 22 Jul 2025, Pre-seed | 1 | 1 | |
| StashAway | 22 Sep 2020, Series C | 1 | 1 | |
| Sternum | 15 Sep 2020, Series A | 1 | 1 | |
| Sumble | 24 Oct 2025, Series A | 1 | 0 | |
| Thinking Machines Lab | 2025, Seed | 1 | 0 | |
| Timo | 6 Jan 2022 | 1 | 0 | |
| Tomorrow.io | 3Q 2020, Series C | 1 | 1 | |
| UpGuard | 23 Dec 2021, Series B | 3 | 0 | |
| Vow | Cultured meat and novel food products grown from animal cells | 7 Jan 2021, Seed | 3 | 2 |
| Voyantis | 18 Jul 2022, Seed | 1 | 1 | |
| XFlow | 25 May 2023, Seed | 1 | 0 | |
| Zeller | 30 Jun 2020, Seed | 4 | 1 | |
| Zero Co | 20 Oct 2021 | 3 | 1 |
Companies Square Peg Capital's own portfolio page lists that no published round yet places it in. The page is the source; the round is being looked for.
| Company | Site |
|---|---|
| AI Hay | - |
| Bugcrowd | - |
| Byron | - |
| CAIS | - |
| CalReply | - |
| Chope | - |
| Excelero | - |
| Exodigo | - |
| Feedvisor | - |
| Fiverr | - |
| Hud Hud | - |
| Kredivo | - |
| Kula | - |
| Limitless Labs | - |
| Lysto | - |
| Manifest Global | - |
| Mindverse | - |
| Nimble | - |
| Octen | - |
| Paper.id | - |
| Pintarnya | - |
| PropertyGuru | - |
| Prospa | - |
| Qodo | - |
| Relay | - |
| Shipping Easy | - |
| Spiritt | - |
| Stripe | - |
| Supabase | - |
| Talon.One | - |
| Traild | - |
| UHG | - |
| Vend | - |
| Vero | - |
| Vi | - |
| Wego | - |
Fund closes reported for Square Peg Capital, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| fourth fund | 17 Jun 2020 | $350m | - | Interim | SmartCompany (Tue 4 Aug 2020), SmartCompany (Wed 17 Jun 2020) |
| fourth generation of funds | 15 Dec 2020 | $450m | - | Final | Square Peg Capital portfolio (Wed 23 Dec 2020), Startup Daily (Sun 20 Dec 2020), Startup Daily (Tue 15 Dec 2020), Square Peg Capital portfolio (Tue 15 Dec 2020), SmartCompany (Fri 18 Sep 2020), SmartCompany (Tue 15 Sep 2020) |
| Fund 6 and Opportunities Fund 3 | Feb 2026 | $650m | - | Interim | Business News Australia, Forbes Australia, Dealroom |
| Fund 4 and Opportunities Fund 2 | 8 Jan 2023 | $860m | - | Final | Forbes Australia, Startup Daily (Mon 28 Nov 2022), Techboard, Startup Daily (Wed 2 Nov 2022), Startup Daily (Wed 26 Oct 2022) |
| fifth fund | 25 Oct 2022 | $860m | - | - | Dealroom, Forbes Australia, Startup Daily, SmartCompany, TechCrunch Venture (Wed 26 Oct 2022), TechCrunch Venture (Tue 25 Oct 2022) |
| Square Peg Fund 6 | Jul 2026 | $1b+ | - | Final | This Week in Australian Startups, Forbes Australia, Square Peg Capital |
Investors that coverage says has money in a fund Square Peg Capital runs. This is a stake in the fund, not in any company the fund has backed.
Companies Square Peg Capital has backed that another company then bought. An exit for the holding, not a deal Square Peg Capital did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Square Peg Capital is recorded as having been acquired. | ||||
Companies Square Peg Capital has backed where it sold shares it held to another investor. An exit for the holding; the company carries on.
| Company | Announced | Amount | Valuation | Bought by | Sources |
|---|---|---|---|---|---|
| Canva | 31 Oct 2024 | - | $32b | Forbes Australia, Fortune Term Sheet, SmartCompany |
Stories naming Square Peg Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly digest: Firmus withdraws its planned listing, Square Peg reaches a billion-dollar close on two vehicles, MUFG clears regulators to buy Grow Inc, and Lubdub, RocketDNA, Energy Bay and Metal all raise.
Square Peg Capital has banked about US$647 million for two fresh vehicles, its biggest fundraise yet. The piece also recalls Blackbird's billion-dollar fund and Square Peg's past stake sales and exit windfalls.
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
Deep-tech investor Main Sequence is seeking $400 million for a fourth fund, with $75 million already committed by the federal government, after two portfolio companies reached unicorn status this year.
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.
Australian startup capital climbed 30% in early 2024 even as deal counts fell; Skalata Ventures topped investor activity with 13 participations, ahead of Blackbird and Investible.
Also TechCrunch Venture·Forbes Australia·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Forbes Australia·Forbes Australia
Weekly roundup: Constantinople raises $62.5m; Blackbird wraps fund six above $1b; Guardhouse buys Mobohubb; SCX.ai debuts on the ASX; plus seed rounds, exits and executive changes across the ecosystem.
Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.
Australian banking-tech firm Constantinople has closed a large Series B co-led by returning backers, per Dealroom; the piece recalls its earlier seed and Series A and highlights a client bank's full platform migration.
Square Peg and Airtree Ventures led Constantinople's newly completed $62.5 million round, per Street Talk; backers expect another raise within a year, which would value the banking software firm near $1 billion.
Blackbird and Airtree mark Canva's worth down sharply, the employee share price falls too, and commentators question whether a 2027 sharemarket float remains realistic amid sliding confidence in AI-era software.
Australian startups raised funds including Alloy Robotics, Farmbot and Atmo Biosciences. Firmus Technologies acquired Benmax while Tabcorp bought BetMakers. SafetyCulture rebranded to Mitti.
Eight Australian and New Zealand startups secured a combined $67.4 million in funding across various sectors including agtech, medtech, robotics, and fintech.
Also ontargetish.com
Robot data analysis startup Alloy Robotics has raised $11.5 million in a seed round led by Square Peg, with Blackbird and Airtree participating, less than a year after a $4.5 million pre-seed.
Robotics AI startup Alloy has banked an $8m seed at an $80m valuation, led by Square Peg with Blackbird, Airtree and Skip Capital back again; funds earmarked for engineering hires and growth in the US.
Australian grid digital-twin startup Neara raised a $90 million Series D led by TCV, reaching unicorn status amid rising data centre power demand.
Australian grid-modelling startup Neara raised a $90 million Series D led by TCV, valuing the company above $1 billion, funding ML and expansion.
Melbourne AI advertising startup Cuttable raised $5.7 million at a doubled $100 million valuation, expanding to New York amid growing US demand.
Hobart-based cybersecurity firm UpGuard secured USD75m Series C funding led by Springcoast Capital, with existing investors participating, to expand its risk platform.
Square Peg's half-year investor letter reports two funds reaching final close, three exits including Talon.One's sale to Adyen, realisations past US$1bn, and a framework for judging AI disruption across its portfolio.
Square Peg reports 30% portfolio growth, US$1bn+ cumulative realisations, US$138m returned this half, closes two new funds, and outlines an AI disruption framework.
Airwallex has closed a Series H valuing it at $16 billion, with Addition in the lead and eight other backers named; the piece also recalls its December Series G.
Also Cut Through Venture·Forbes Australia·Cut Through Venture·Startup Daily
South Australia's government investment corporation has put $5 million into Eastend Ventures' debut fund, lifting commitments beyond $25 million as the vehicle nears a final close.
Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.
Also Startup Daily
Adtech firm Cuttable has banked $5.7 million at a doubled $100 million valuation, adding Airtree, Glitch Capital and an angel to existing backers, and is heading to New York on growing American demand.
Weekly roundup covering UpGuard's $105 million Series C and EatClub's $27 million Series B, plus earlier funding history for both Australian companies.
Hobart cybersecurity company UpGuard has landed US$75 million in Series C backing led by Springcoast Capital, with the article also recalling earlier Startmate and Firemark Ventures rounds.
Also Dealroom·Forbes Australia·Startup Daily·SmartCompany·ontargetish.com·SmartCompany·Forbes Australia
Cybersecurity firm UpGuard has announced a $75 million Series C round led by Springcoast Partners, with existing backers joining, to fund product development, global expansion and acquisitions.
Weekly roundup of ten Australian and New Zealand startup raises totalling nearly $194 million, topped by Neara's $90 million round at a $1.1 billion valuation, with Splose, Operata, HAMR Energy and Adora also covered.
Neara joins the unicorn club after a TCV-led $90 million Series D at a $1.1 billion valuation, with existing backers participating; funds will fuel global expansion and engineering hires.
Square Peg Capital has reached a A$650 million first close across its two newest funds and is already investing the money, with payments company Airwallex among recipients, ahead of a final close.
Funding roundup led by Airwallex's US$330 million Series G at a $12 billion valuation, with raises from Kasada, Hnry, All G, Bless Payments and Emanda, plus earlier rounds recalled.
Also Startup Daily
Fintech Airwallex raised a $498 million Series G led by Addition, lifting its valuation to $12 billion; Square Peg and Airtree joined, and Blackbird's $60 million May Series F backing is recalled.
Ranking of Australia’s five best-funded fintechs — Airwallex, Athena, Zeller, InDebted and Brighte — profiling each one’s total raised, most recent raise, backers, valuation and growth moves.
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
Ten13's monthly newsletter reports its first institutional mandate via Queensland's QVCDF, new seed investments in OneMRI and Source, follow-ons in Arintra and Everlab, and portfolio progress including Go1, Qsic, Pearler and After.com.
Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.
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
Sydney AI customer-support startup Lorikeet has closed US$35 million in a Series A led by QED Investors, its third round in under a year, lifting total funding beyond $75 million.
Also SmartCompany·Cut Through Venture·SmartCompany·Startup Daily·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.