Reinventure has exited Doshii four years after investing in the business management software provider.
Commonwealth Bank has paid an undisclosed amount to buy Australia-based retail management app developer Doshii, allowing Reinventure, the venture capital firm backed by fellow financial services firm Westpac, to exit.
Doshii has developed a cloud software platform that enables brick-and-mortar businesses such as retailers or hotels to manage a range of activities, including reservations, customer loyalty schemes and online delivery, in addition to digital point-of-sale systems.
The purchase was made through x15ventures, the open innovation vehicle launched by Commonwealth in…
