Corporate / CVC · 13 deals
Sydney, NSW
Every published round Reinventure Group took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Reinventure Group has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Curious Thing | Sydney-based artificial intelligence start-up developing conversational AI | 5 Feb 2019, Seed | 2 | 0 |
| FrankieOne | Customer onboarding solutions via single API | 28 Nov 2022, Series A | 1 | 0 |
| Immutable | 15 Sep 2021, Series B | 1 | 0 | |
| InDebted | overdue payment management platform | 27 Sep 2024, Series C | 1 | 0 |
| Instant | E-Commerce giant | 7 Feb 2022, Pre-seed | 2 | 0 |
| Kasada | AI company in a whitespace industry | Dec 2021, Series C | 2 | 0 |
| Kepler Analytics | 23 Feb 2022, Series B | 1 | 0 | |
| Slyp | 9 Feb 2022, Series A | 1 | 0 | |
| Safewill | Digital will platform | 5 May 2023, Series A | 2 | 1 |
Fund closes reported for Reinventure Group, as distinct from the investments it has made.
Companies Reinventure Group has backed that another company then bought. An exit for the holding, not a deal Reinventure Group did.
| Name | Role | Sources |
|---|---|---|
| Danny Gilligan | Managing Partner | Australian FinTech, Startup Daily (29 Nov 2024), SmartCompany, Startup Daily (4 May 2023), Reinventure Group team page |
| Simon Cant | Managing Partner | brokerdaily.au, Reinventure, internationalfintech.com, Reinventure Group team page |
Stories naming Reinventure Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Collections platform InDebted adds Gillian Findlay, ex-COO of SafetyCulture and Immutable, as a non-executive director, joining founder Josh Foreman, Reinventure's Danny Gilligan and Carthona Capital's Dean Dorrell on the board.
Funding roundup led by Airwallex's US$330 million Series G at a $12 billion valuation, with raises from Kasada, Hnry, All G, Bless Payments and Emanda, plus earlier rounds recalled.
Also Startup Daily
Bot defence firm Kasada has secured $30 million from EQT plus earlier backers Turnbull & Partners, Reinventure, Main Sequence, OIF, StepStone and Ten Eleven, with founder Sam Crowther back in Sydney.
ANZ is winding up its venture arm 1835i and has shut Cashrewards after selling its Airwallex stake; the piece also recalls Airwallex's later raises and CBA's Klarna investment, stake sale and New York listing.
ANZ is winding up 1835i, its externally managed venture arm, weeks after selling its Airwallex stake; the piece recalls Cashrewards' takeover and closure, Airwallex raises, and CBA's Klarna windfall.
Podcast episode in which InDebted's founder discusses scaling the debt-collection business, its earliest backers, and Airtree joining the company's most recent Series C round.
Weekly roundup detailing six Australian startup raises announced this week, covering Heidi Health, Instant, Esper, Trusst AI, Flowing Bee and GonGlobal, with investors, founders, valuations and earlier rounds.
Also Startup Daily
Sydney cart-recovery marketing platform Instant has landed an $18m Series A headed by Belgium's Hummingbird Ventures, lifting its valuation to $100m, with existing backers Blackbird, Ten13 and Reinventure also taking part.
Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·LaunchVic
Roundup of three trans-Tasman raises: crime-intelligence software maker Auror's $72.6m Series C, underground mining-robot firm ADR's $2m round, and mentorship platform Matched's angel backing below $500,000.
Roundup of six Australian funding rounds this week: InDebted, Evolt, Restoke.ai, Mary Technology, Matilda and Demtech.ai, with investors, amounts, InDebted's valuation and a secondary component for early backers and staff.
Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech·Fintech News Australia·Business News Australia
Weekly roundup reporting four Australian startups together raising $69.5 million: Eucalyptus $50 million, MadeComfy $10 million, Safewill $5.5 million Series A, and rebranded InvestorHub $4 million.
Estate planning startup Safewill has landed a second Series A of $5.5 million, led by Carthona Capital with Reinventure and Flying Fox Ventures, to grow the platform and expand overseas.
Payments company Cuscal is acquiring open banking data firm Basiq for an undisclosed price, letting backers NAB Ventures, Salesforce Ventures, Reinventure and Visa cash out.
Also Australian FinTech·Startup Daily·Startup Daily·Australian FinTech
Sydney courier firm Drive Yello and cafe ordering app Hey You have combined as 4You Innovation, aiming to raise funds next year; the piece also recalls past raises and recent collapses among delivery startups.
Also Startup Daily
Fraud and identity verification company FrankieOne has added $23 million to its Series A, led by AirTree and Greycroft, with crypto exchange venture arms Binance Labs and Kraken Ventures joining as new strategic backers.
Melbourne identity verification startup FrankieOne raised a $23 million AUD Series A+ extension led by AirTree Ventures and Greycroft, with new strategic backing from Binance Labs and Kraken Ventures, to fund international expansion.
MYOB has taken full ownership of Sydney HR and payroll fintech Flare, converting its existing stake into a takeover, giving exits to venture backers who had invested over $50 million across several prior rounds.
Voice AI company Curious Thing has secured $7 million in a pre-Series A round led by Hawkstone, with Blacksheep Capital, January Capital and returning backers Reinventure and Qualgro, to fund hiring and expansion.
Also TechCrunch Australia
Podcast interview with Slyp co-founder Paul Weingarth on digitising receipts and loyalty, with all four major Australian banks having invested in the company.
Bot-security firm Kasada, founded by Sam Crowther, raised $23m in a Series C led by StepStone, with OIF and Turnbull & Partners among existing backers; StepStone had recently acquired Greenspring Associates.
Kepler Analytics, a Melbourne retail analytics platform, has closed a $22 million Series B with OneVentures leading and Whiteoak, Taronga Ventures, Shearwater Capital, Reinventure and InterValley Ventures joining.
Receipts startup Slyp has raised a $25 million Series A, with new investors Sayers Group and the Leibovich brothers joining existing bank backers including NAB Ventures, Reinventure and ANZ.
Immutable partners with GameStop to power its NFT marketplace and launches a grants fund; the article recalls Immutable's $82 million Series B led by BITKRAFT Ventures.
ASX-listed lender MoneyMe has agreed a scrip-based acquisition of SocietyOne valued at $132 million, with major shareholders escrowing their stakes; the deal completes in March 2022 pending shareholder approval.
Payments company Visa has taken a stake in open data platform Basiq to speed its API growth, with Visa and Touch Ventures each adding a representative to the company's board.
Reinventure's blog post says the fund and Singaporean investor Qualgro together backed Sydney conversational-AI startup Curious Thing with $1.5 million at seed stage.
Also Startup Daily
Valiant Finance has raised $4 million in a Series A led by Carthona Capital, with Reinventure reinvesting after its 2016 seed backing; Westpac will refer business customers it cannot lend to, to the platform.
Flare HR has closed a $21 million Series B led by New York's Point 72 Ventures, with existing backer Reinventure continuing its support, aiming to grow locally in employee engagement and payroll.
Venture firm Reinventure has invested in Akin, an artificial intelligence startup building personal AI that mimics human intuition; the piece also notes CEO Liesl Yearsly earlier sold Cognea to IBM.
Payments startup Assembly Payments has landed fresh backing from Westpac, whose merchant terminals will be linked with point-of-sale software to remove duplicate transaction entry for cafes and restaurants.
Reinventure's blog announces its seed investment in Kasada, a bot-detection cybersecurity startup from 22-year-old founder Sam Crowther, with proceeds earmarked for local hiring and US expansion.
Reinventure announces backing Everproof, a credentials-verification startup, which will deploy $1.5 million to broaden its checks and has signed a deal with Cricket Australia.
Business loan marketplace Valiant has completed an $800,000 seed round led by Reinventure, with H2 Ventures and angel investors participating, while operating from the Stone & Chalk fintech hub.