Reinventure Launches $50M Venture Capital Fund

Australian Reinventure launched a $50m venture capital fund.

The largest investor is the Westpac Banking Corporation, an Australian large banking and financial services company.

Co-founded and managed by Danny Gilligan and Simon Cant who are also co-investors in the fund, Reinventure backs Australian technology companies investing in seed through to Series A and up to help them scale more rapidly than they could do on their own.
The firm’s first investment was SocietyOne, a peer-to-peer online platform connecting borrowers and investors in a professional online environment (read FinSMEs’ news here).



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