In 2019, Square Peg expanded its portfolio by investing over US$86 million in five innovative startups, while marking significant IPO milestones and acquisitions in the technology sector.

Target Company Overview

In 2019, Square Peg welcomed five new companies into its portfolio, increasing the total to 34 firms. The new additions include Aidoc, Amber, HealthMatch, Neuron, and Q-CTRL, all of which are engaged in innovative sectors aimed at improving life and advancing technology. These companies are at the forefront of their respective domains, including healthcare AI, smart energy solutions, quantum computing, and patient-centered technology.

The firm also celebrated significant milestones, such as the IPO of Prospa on the ASX and Fiverr on the NYSE. Additionally, Square Peg executed various acquisitions, including those of UHG by MedHealth and Puresec by Palo Alto Networks, marking a year of robust investment and growth in diverse sectors.

Industry Overview in Australia

The Australian technology sector in 2019 demonstrated considerable agility and dynamism, fueled by advancements in digital innovation and an increasing number of startups. The rise of fintech and health tech has become particularly not

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Square Peg

invested in

Athena Home Loans

in 2019

in a Series B deal

Disclosed details

Transaction Size: $86M

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