According to Odaily, Square Peg Capital is planning to raise $550 million for its sixth fund. The firm has previously invested in AI startup Mindverse's $5 million seed round and gaming infrastructure startup Lysto's $12 million Series A round. In October 2022, Square Peg announced the completion of its fifth fund, which also raised $550 million. The fund closely monitors high-level activities in the Web3 market in Australia, Israel, and Southeast Asia.