Reinventure

Reinventure Group is a Sydney-based venture capital firm, uniquely positioned as the corporate venture arm of Westpac Banking Corporation, one of Australia's largest financial institutions. Established in 2014, Reinventure operates with strategic independence while benefiting from Westpac as its sole Limited Partner. This structure allows the firm to invest in innovative startups that align with Westpac's long-term strategic interests, particularly in the financial services ecosystem, without being constrained by short-term corporate objectives.

The firm primarily targets early-stage technology companies, with a focus on seed through to Series A rounds. Reinventure's investment thesis centers on identifying disruptive technologies and business models across sectors such as fintech, proptech, data analytics, artificial intelligence, and emerging digital platforms. While their primary geographic focus is Australia and New Zealand, they seek companies that demonstrate potential for significant market impact and scalability. They are known for their hands-on approach, leveraging Westpac's expertise and network to support portfolio companies.

Reinventure typically deploys initial cheques ranging from approximately US$330,000 (AUD$500,000) for seed-stage investments up to US$3.3 million (AUD$5 million) for Series A rounds, with capacity for substantial follow-on funding. Over the years, Reinventure has managed multiple funds, including a third fund of AUD$100 million launched in 2019, bringing their total committed capital to AUD$200 million across three funds. This capital has been deployed across a diverse portfolio of over 20 companies, contributing significantly to the growth of the Australian and New Zealand startup ecosystems. Their strategic alignment with Westpac provides portfolio companies with potential access to a large customer base and deep industry insights, offering a distinct advantage beyond capital.