Our fifth generation of venture capital funds, raised from a combination of returning and new investors, takes total capital commitments to over US$1.6bn since founding 10 years ago.
Over the past decade, we have backed more than 60 founders, while delivering strong returns and returning substantial capital back to our investors - over US$580m across 11 exits at an IRR of 42%.
Hostplus was our first institutional investor and has been a critical partner on our journey, backing us for the 4th time as part of this fundraise, while AustralianSuper and Roc Partners have also backed us again, alongside welcoming a number of new institutional investors. We are incredibly grateful for our investors' ongoing belief and conviction in us, our portfolio and the future of our ecosystems.
The capital raised will be deployed across two strategies, (1) our core venture fund Square Peg Fund 4 which typically invests in early stage companies from Seed to Series B, and (2) our follow-on fund Opportunities Fund 2, which typically invests in later stage rounds of our emerging winners, once we have utilised available venture funds. Over the past decade, we have demonstrated that there are significant benefits to investing across multiple regions, which allows us to empower exceptional tech founders from a broader set of opportunities. The larger opportunity set also allows us to be highly thematic in our approach and obtain compounding benefits from our domain expertise.
Our fifth generation of funds has been raised in a period of significant global economic uncertainty, however we are as excited as we have ever been about our opportunity set and believe the coming years will be an incredibly attractive time to be deploying in private tech markets. We have already made a handful of exciting new and follow-on investments out of our new funds, including welcoming Kula and Supabase to the Square Peg family, and continuing to back the team at Airwallex, one of Australia’s highest valued private tech companies.
If you’re interested in learning more about Square Peg or becoming an investor in the future, please don’t hesitate to get in touch with Matt Linklater in our Distribution team at matt@squarepegcap.com
