Australian venture capital firm Square Peg Capital has closed its latest fund with $180m (AU$234m).
The Melbourne-based firm invested in payments disruptor Stripe’s $100m Series C round in July 2015.
It also counts Asian online property portal PropertyGuru among its portfolio as well as Uber.
Square Peg was established in 2012 by Paul Bassat, a co-founder of Australian job search platform Seek. It previously acted as collective rather than an investment fund.
The new fund exceeded its $152m (AU$200m) target with $38m coming from Hostplus, a superannuation fund for employees in hospitality.
High-net-worth individuals and entrepreneurs made up the rest of the funding.
Square Peg will be use the fund to invest between $22m and $35.5m in startups across Australian, New Zealand, South-East Asia and Israel.
Copyright © 2017 FINTECH GLOBAL
