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Stories naming Paul Bassat. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
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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.
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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.
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Amber has banked a $45 million Series D, headed by ETF Partners, to push its household energy platform into Europe, while a new federal battery rebate promises to widen its market.
Payments firm Airwallex closed a large Series F at a $9.6 billion valuation, led by Square Peg with several local and global backers, while the piece recalls its earlier raises back to 2016.
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.
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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.
AI ad startup Cuttable, co-founded by Sam Kroonenburg, Jack White and Ed Ring, raised $5.5m in a seed round led by Square Peg with Rampersand aboard; Kroonenburg earlier sold A Cloud Guru to Pluralsight.
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.
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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.
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.
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.
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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.
Clinical trials matching startup HealthMatch halves its team, shedding 18 jobs, 18 months after a Square Peg-led raise. The piece also recalls funding for Volt and Milkrun and reports the closures of Volt and Send.
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.