Square Peg

About

Portfolio · 21

Limitless Labs

AI-Powered Toolpath Optimization and Error Prevention for CNC Programming.

Led ★ 1 round $20.0M committed Latest: 2026-06

Aidoc

Empowering Physicians to Improve Patient Outcomes with AI

Led ★ 4 rounds $353.0M committed Latest: 2026-04

Qodo

AI-powered Interactive Code Integrity Tool

Led ★ 2 rounds $110.0M committed Latest: 2026-03

Nimble Way

Web Data-gathering Platform

Led ★ 2 rounds $47.0M committed Latest: 2026-02

Tomorrow.io

AI-powered Weather Intelligence Platform

Led ★ 4 rounds $330.0M committed Latest: 2026-02

Voyantis

Predictive Customer Valuation Tool

2 rounds $60.0M committed Latest: 2025-02

Spiritt Labs

App Development Using Verbal Descriptions

Led ★ 1 round $8.0M committed Latest: 2023-07

Hud

Provides Runtime Code Insights to Help AI Coding Tools Analyze Production Behavior

1 round $21.0M committed Latest: 2023-04

Retrain.ai

Talent-management Platform for Enterprises and Government Agencies

Led ★ 3 rounds $30.0M committed Latest: 2022-12

Deci AI

Deep-learning Acceleration Platform

3 rounds $55.1M committed Latest: 2022-07

Sternum

IoT Security and Observability Platform

Led ★ 2 rounds $33.5M committed Latest: 2021-09

LightBits Labs

Enterprise Cloud Storage and Data Center Management

1 round $50.0M committed Latest: 2019-03

PureSec

Security Platform for Serverless Applications

1 round $7.0M committed Latest: 2018-10

Vi Labs

AI as a Service for Digital Health Companies

Led ★ 2 rounds $36.0M committed Latest: 2018-01

Excelero Storage

Flexible Storage Network Architecture

2 rounds $30.5M committed Latest: 2017-11

FeedVisor

Repricing Platform for Online Marketplaces

2 rounds $31.0M committed Latest: 2017-01

Sidekix

Navigation App for Urban Pedestrians

1 round $1.0M committed Latest: 2016-06

Ready4

Mobile Platform for GMAT Preparation

1 round $5.3M committed Latest: 2016-03

Fiverr

Marketplace for Freelance Services

1 round $60.0M committed Latest: 2015-11

Jethro Data

Interactive BI on Big Data

1 round $8.1M committed Latest: 2015-06

Endless Technologies

Mobile Camera Software and Hardware Development

2 rounds $8.5M committed Latest: 2013-11

Investment activity

4 portfolio exits on record.

Funds · 5

• 5 — $550M Jan 2022
• 4 — $400M Jan 2020
• 3 — $240M Jan 2018
• 2 — $200M Jan 2015
• 1 — $120M Jan 2012

Q&A

What was Square Peg's most recent exit?

Square Peg saw an exit in May 2024 when portfolio company Deci AI, a deep-learning acceleration platform, was acquired by Nvidia for $300M.

What is Square Peg's most recent fund?

Square Peg's most recent fund is Fund 5, which closed in January 2022 with $550M.

Which sectors does Square Peg primarily invest in?

Square Peg shows a strong concentration in Business Software, with 22 investment rounds, followed by Health Tech & Life Sciences with 6 rounds, and Industrial Technologies with 4 rounds.

Can you name some of Square Peg's notable portfolio companies?

Square Peg has invested in over 100 companies, including Aidoc, which empowers physicians with AI, and Exodigo, a nonintrusive subsurface mapping solution.

What was a significant past exit for Square Peg?

A significant past exit for Square Peg was Fiverr, a marketplace for freelance services, which went public on the NYSE in June 2019 with a valuation of $650M.

How many funds has Square Peg raised and what are their sizes?

Square Peg has raised five funds. Fund 1 (Jan 2012) was $120M, Fund 2 (Jan 2015) was $200M, Fund 3 (Jan 2018) was $240M, Fund 4 (Jan 2020) was $400M, and Fund 5 (Jan 2022) was $550M.

What is Square Peg's investment focus by stage?

Square Peg invests across various stages, with a notable number of investments in Seed (7 initial rounds) and A Round (10 initial rounds).

Has Square Peg had any other recent exits besides Deci AI?

Yes, in March 2022, Square Peg saw an exit when Excelero Storage, a flexible storage network architecture company, was acquired by Nvidia for $35M.