Armed with A$100m of capital from its sole limited partner, financial services firm Westpac, Australia-based Reinventure is pioneering its own model of fintech corporate venturing.
Australia-based venture capital firm Reinventure is attempting to apply the “most functional” corporate venture capital model to its relationship with its sponsor, financial services firm Westpac, co-founders Simon Cant and Danny Gilligan told Global Corporate Venturing.
Reinventure was founded in late 2013 and pursues a model whereby it works with a single corporate limited partner with a view to investing independently in startups operating in adjacent or potentially disruptive sectors, and it found in Westpac an extremely suitable backer.
“Simon…
