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# Square Peg Capital closes $550M fund with focus on Southeast Asia, Australia and Israel
- URL: https://www.techloy.com/square-peg-capital-closes-550m-fund-with-focus-on-southeast-asia-australia-and-israel/
- Published: 2022-10-27T17:11:55.000Z
- Updated: 2022-10-27T17:11:54.000Z
- Author: Acquah Nana Yeboah
- Tags: / Money

[Square Peg Capital](https://www.squarepegcap.com/), an Australia-based VC firm has announced the close of its fifth fund totalling $550 million with a focus on Australia, Southeast Asia and Israel.

- The close of this fund brings the total amount raised across all funds to about $1.6 billion. Square Peg has invested in more than 60 companies and returned over $580 million to its investors across 11 exits at an IRR of 42%.
- Square Peg Capital is backed by Australian superannuation funds like Hostplus and AustralianSuper. Other LPs include new and returning investors from family offices, institutions and endowments.
- Square Peg Capital disclosed that Southeast Asia is the firm’s fastest-growing geographical footprint. Half of its last $275 million fund, Fund 3, was invested in Southeast Asia. The firm is focused on five key areas in the region: consumer internet, fintech, edtech and the future of work, health tech and SaaS.
- Some of Square Peg’s investments so far from Southeast Asian include LottieFiles, Doctor Anywhere and FinAccel. Its new fund has also invested in [recruitment automation platform Kula](https://www.squarepegcap.com/blog/investment-notes-kula-12m-seed) and open source Firebase alternative Supabase.
- Portfolio companies from other regions include Canva, Airwallex and ROKT in Australia, and Fiverr and AIDoc from Israel.