Independent venture capital meets corporate partnership.

Helping great entrepreneurs build great companies with a new model of corporate venture capital.

reinventure is investing $50M in Australian technology ventures.

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 our largest investor, Westpac.

We back ventures that:

  • are led by great entrepreneurs with great teams,
  • are executing on business models that have demonstrated traction,
  • have the potential to build significant, defensible businesses in the Australian and New Zealand markets with the potential for international growth,
  • have the potential to accelerate their growth and win their respective market through access to a strategic relationship with the Westpac Group.

Our Team

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

Our Focus

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.

Led by great entrepreneurs that have a track record of success
Have traction (ie product market fit) or are based on an emerging overseas model
Have the potential to create and sustain a leading market position in Australia and New Zealand
Will succeed more rapidly through access to a strategic relationship with the Westpac Group

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 info@reinventure.com.au.

Westpac’s investment in the reinventure fund.

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.

Our Porfolio

societyone

SocietyOne is Australia’s first fully compliant peer-to-peer online platform connecting borrowers and investors in a secure, safe, professional online environment.

For borrowers SocietyOne offers the most competitive rates in market and a streamlined application process.

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.

Work with us! – VC MBA

3 months ago by admin

 

  • Are you passionate about startups and venture capital?
  • Do you have 1-3 years of work experience?
  • Do you see being an entrepreneur or investor in your career path?

 

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.

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