Westpac Banking Corporation, an Australia-based bank and financial-services provider, has become the largest investor in the Reinventure Fund, a $50m early stage investment fund, independently managed by Reinventure Group and dedicated to investing in Australian technology ventures. Westpac Group, besides its investment, will provide a strategic relationship to Reinventure’s startup entrepreneurs.
The Reinventure Group, founded by Danny Gilligan and Simon Cant, who are co-investors in the Reinventure Fund, claims to present a new model of corporate venture capital, where…
