$400 Million+ Now Returned to Investors by Square Peg Capital, a VC Firm Investing in Fintech, Cloud Technologies  Crowdfund Insider. : Paul Bassat, co-founder and Partner at Square Peg Capital Pty., an established Australian VC firm, recently talked about the company’s local and international investments amid the COVID-19 pandemic. Bassat revealed that major Australian pension funds believe that the country’s first recession in around 30 years will lead to its next technology-focused Unicorns (or firms valued at $1 billion or more). This may lead to even more investments being directed towards new projects, according to analysts.