According to Odaily Planet Daily, Square Peg Capital plans to raise $550 million for its sixth fund. Square Peg has participated in the $5 million seed round of AI startup Mindverse and the $12 million Series A round of game infrastructure startup Lysto. The company announced in October 2022 that its fifth fund had completed $550 million in fundraising. The fund closely monitors the high level of activity in the Web3 market in Australia, Israel and Southeast Asia.