Independent venture capital meets corporate partnership.
We invest for the long term, and we put our ventures first.
Once we invest, our job is to unlock maximum synergy value between our ventures and Westpac, our largest investor.
We back ventures that:
Danny Gilligan is a Co-Founder and Managing Director Reinventure Group. Danny has worked on both sides of the table as an entrepreneur and corporate venture capital executive. Danny was Co-Founder of Gizmo Corporation a BRW Fast 50 company 2 years running and a Co-Founder of Data Republic a venture working in the emerging space of big data. He has also worked within large companies in various strategic, commercial and venture capacities dealing with the effects of digital disruption.
Most recently he was Director of Digital Ventures at APN News & Media and prior to that worked in telecommunications as CFO of the Australian Consumer division of AAPT and as part of the Group Strategy and M&A function of Telecom NZ. Danny commenced his career as a Chartered Accountant at KPMG before moving into Corporate Finance.
Danny on Twitter Danny on LinkedIn
Simon Cant is a Co-Founder and Managing Director Reinventure Group. Simon has spent his career working on innovation, both through venture and corporate innovation.
As an innovation specialist at CANTT Associates and before that ?WhatIf! Innovation, with a focus on disruptive innovation, he advised clients such Tennis Australia, UBS, NAB, Suncorp, AMP, Fairfax, News Limited, APN News & Media and Transport for NSW. Prior to that he worked with entrepreneurs in both commercial startups, at TiNSHED Angel Group, and social ventures at Social Ventures Australia.
Simon began his career as a solicitor with Allens before joining ninemsn as a founding team member and business manager for the finance and investment sites.
Simon on Twitter Simon on LinkedIn
Reinventure makes investments from seed through to Series A and up. For the right entrepreneur and the right idea, Reinventure is prepared to invest right at the company formation stage.
Rather than look for ventures that complement a corporate strategy, we flip that approach on its head. Instead, we look for ventures that can be assisted by our largest investor, Westpac through knowledge sharing. In return, Westpac will gain deep insight into leading edge technologies, business models and great entrepreneurs.
By marrying great entrepreneurs with a great partnership opportunity, we believe we can help ventures to scale more rapidly than they could do on their own. Accordingly, we are looking to back a select group of ventures that fit the following criteria.
Whilst we are focussed on disruptive opportunities more broadly, we are particularly interested in ventures that have strong network effects.
Given that our largest investor is Westpac, we are well positioned to back ventures operating in the financial services technology space. However, we are also interested in adjacent markets where access to a strategic relationship with the Westpac Group may provide a competitive advantage.
Given how important good entrepreneurs are to the way we view opportunity, we are always interested to meet and collaborate with experienced entrepreneurs with a solid track record looking for their next opportunity.
The best way to connect with us is via referrals. We place particular weight on referrals from other entrepreneurs.
Otherwise, you can email us at firstname.lastname@example.org.
Westpac is the largest investor in the Reinventure Fund. The fund is operated independently by the managers, Danny Gilligan and Simon Cant, who are also co-investors in the fund. This allows us to fully focus on helping our portfolio companies succeed and, with $50M in committed funds, we have the resources to continue investing and stay engaged with companies as they grow.
Once we invest, our job is to add value to our ventures in the best way we can, including bringing to bear our operational experience and networks and unlocking maximum synergy value between the ventures and our largest investor, Westpac. Westpac is keen to understand emerging trends, acquire know-how from great entrepreneurs and co-create in areas that can benefit from the complementary skill-sets both parties bring.
For investors, SocietyOne is innovating in fixed interest products by identifying and targeting niche segments of mispriced risk, such as unsecured personal lending, livestock lending and medical practices, and offering investors the ability to invest in fractional loan interests, allowing them to diversify both within and across asset classes.
For global P2P companies and Australian and global lenders, SocietyOne offers a next generation banking platform in ClearMatch™ a low cost, end-to-end, scalable, cloud hosted banking platform that is being adopted by finance companies in Australia and overseas.
SocietyOne is led by a proven entrepreneurs. CEO Matt Symons founded and sold two successful startups, Memetrics, sold to Accenture, and Quotify, sold to Sensis. CTO Greg Symons has built and exited software and finance companies.
Launched in December 2014, Nabo (nabo.com.au) is a free social media platform that enables individuals and community organisations to instantly and directly connect online with others in their suburb. It differentiates itself from other social media platforms by enabling residents to develop real ‘geographical’ communities (bound by suburb) online.
Nabo has been created so that Australians can make the most of their suburb. Locals can feel comfortable chatting with people who live in close proximity and everyone can have a say about the things that matter to their local community. It is an environment where verified members can ask other locals for help to find their lost pet, share recommendations about that great new restaurant, spread the word about a barbecue or growers market and discuss important issues affecting their suburb.
Adam Rigby is CEO and founder of Nabo. He co-founded Australian group-buying website JumpOnIt, which was subsequently sold to LivingSocial in 2011, after which he was appointed CEO of LivingSocial Australia and New Zealand. Rigby has a successful history of creating start-ups that go onto tremendous success in the online sector, including co-founding digital agency X/M Harrow, later acquired by WPP company George Patterson Bates and co-founding Smarter Retail Solutions, a venture capital-funded online marketing solutions company.
Zetaris is a global Big Data, BI and enterprise data warehousing company with clients in ANZ and South East Asia. The Zetaris Unified Analytics Framework (UAF) is an end-to-end solution encompassing data ingestion, modelling, analysis and visual discovery. Zetaris helps clients blend and analyze different varieties of data from multiple sources to see new insights and to extract hidden value. Based on open-source technologies integrated with powerful data intelligence algorithms, Zetaris offers the power of enterprise grade data analytics at the lowest total cost. The platform offers an integrated Hadoop, Massively Parallel Processing database and event detection analytics solution for Banks, Telcos, Retailers, Airlines and Government. With machine learning algorithms and rules based analytics, Zetaris clients develop powerful descriptive, predictive and prescriptive analytics solutions.
Led by Vinay Samuel, Zetaris was formed by a team of leading data scientists, who have been pioneers of event based analytics and parallel database technologies. He had senior leadership roles in Netezza, Greenplum, Vertica, and Gridmatics.
PromisePay is a full stack payments platform that helps marketplaces, merchants, and their customers transact simply and securely online. The PromisePay platform gives marketplace operators a fully managed payments solution over and above simple payment processing, including escrow, fraud management, end user support, and dispute resolution.
Marketplaces that have adopted PromisePay have reported a majority of customers transactions moving from legacy payments systems, including PayPal and Braintree over to PromisePay, driven by simplicity and security and the company has won marketplace contracts over such incumbent players.
Simon Lee, Founder and CEO, formerly founded the cloud infrastructure and consulting business Lazu which grew to $10M+ in revenues.
Reinventure has coinvested in PromisePay alongside Mark Harbottle (founder of 99Designs), US VC Cultivation Capital (led by Jim McElvey, co-founder of Square) and Melbourne VC Rampersand Capital (led by Michael and Paul Napthali).
Founded in June of 2012 in San Francisco, California, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin.
With a mission to make payments more open and efficient for the world, Coinbase enables the secure purchase and use of bitcoin for more than 2.3 million users internationally, has signed more than 40 thousand merchants and has 7000 developers that have built on its Toshi API platform.
Reinventure co-invested alongside Union Square Ventures, Andreessen Horowitz, Ribbit Capital and DFJ Growth as well as the New York Stock Exchange and investing arms of leading bank innovators, BBVA and USAA.
Hey You merges three of Australia’s most innovative and successful café start ups – Posse, Beat the Q and E-Coffee Card. The Group is led by two experienced Australian founders Rebekah Campbell and Adam Theobald and it’s mission is to build the ultimate dining application for Australians and to significantly improve the payment process for customers when dining out or grabbing a coffee on the go. The Hey You app enables consumers to take out the pain point of waiting for their everyday purchases whilst simultaneously giving merchants the ability to manage their peak loads and get to know their customers, increasing loyalty.
Reinventure has coinvested with Exto Partners and together they are the first institutional firms to back the Group. Early stage funding of the Group has so far been from a line-up of Angel investors that includes Silicon Valley angel Bill Tai, Yahoo Global CFO Ken Goldman and Google Maps Founder Lars Rasmussen as well as locals Macquarie Bank Head of Principal Investments Alex Harvey, Reckon Founder Greg Wilkinson and Vocus Communications Founder James Spenceley.
Auror is a software development company focussed on enabling major businesses such as supermarkets, petrol stations and other high‐volume channels to work more closely with police to reduce and prevent crime.
Auror’s software allows retail businesses to proactively reduce crimes such as shoplifting by capturing and collating theft‐related information and greatly reducing the time required to report incidents to the police. The Auror software also allows businesses to send alerts to other users warning them of likely criminal activity in the area. Auror gives visibility over criminal activity, linking offenders to multiple incidents, allowing prioritisation of repeat offenders and creating insights into criminal offending.
Auror is led by Co-founders Phil Thomson (CEO) and Tom Batterbury (Head of Product). Phil was previously a lawyer, specialising in intellectual property and privacy, and Tom was a strategy consultant at Deloitte. Reinventure has co-invested in Auror alongside Sam Morgan (founder of TradeMe in New Zealand) and K1W1 (Sir Stephen Tindall’s $100m+ investment fund).
Then our venture capital, real life “MBA” could be for you…..We are one of Australia’s newest and largest venture capital funds with a genuinely novel approach to building a successful portfolio of startups in partnership with some of the best entrepreneurs in market. We see a great opportunity to introduce a talented and enthusiastic individual to the front lines of the venture capital industry by offering a two year programme to an analyst, gaining unique practical experience as part of a small team. We will provide you with a deeper understanding of the principles of disruption, a key role in the assessment of 100s of startups and experience of our investment process and partnership approach to working with entrepreneurs to build successful businesses. You will gain exposure to a local and off-shore network of investors and business owners in the VC space and receive a fantastic springboard to a career in the industry.
You will likely have strategy consulting experience but those with commercial or banking backgrounds are also encouraged to apply. You may not have prior experience in the digital arena but you will have a natural curiosity and passion for it. You will have commercial nous, a highly structured approach to managing projects, strong presentation and “people” skills and superior analytical skills.
This is a rare chance to gain early exposure into an industry helping develop the businesses of the future. Following two years with us, you will be better positioned to start your own business, become an executive in one of our portfolio companies or build on this unique experience to accelerate your career in either venture capital or private equity. Whatever path you pursue, you can be assured that a two year period of experience with us, and the contacts that come with it, will help you get there.
Instead of spending a small fortune learning about the theory of entrepreneurship and investment, you can get paid to gain extensive, practical experience with venture capital professionals and entrepreneurs on the front lines.
Applications are now closed for our 2014 VC MBA position. Thanks to all who submitted your interest. To submit your interest for future VC MBA intakes: Click here and attach your CV.