Square Peg Capital Commits $150M To Israeli Startups

January 6, 2014 | The Australian venture capital firm Square Peg Capital will commit $150 million to Israeli startups within the next three to five years. In connection to the announcement, Square Peg will also establish a subsidiary branch in Tel Aviv that will be headed by partner Dan Krasnostein, who recently moved from Israel to Australia. In addition, Erad Neve, a former partner in Benchmark Capital in Israel, will take part in Square Peg Capital in Israel. Square Peg Capital is a young venture capital firm founded in 2012 by Paul Bassat, the founder of seek, and two other entrepreneurs.