{"id":40847,"date":"2023-10-20T15:10:22","date_gmt":"2023-10-20T15:10:22","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/westpac-aims-to-get-disruptive-with-launch-of-50-million-venture-capital-fund-startupsmart\/"},"modified":"2023-10-20T15:10:22","modified_gmt":"2023-10-20T15:10:22","slug":"westpac-aims-to-get-disruptive-with-launch-of-50-million-venture-capital-fund-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/westpac-aims-to-get-disruptive-with-launch-of-50-million-venture-capital-fund-startupsmart\/","title":{"rendered":"Westpac aims to get \u2018disruptive\u2019 with launch of $50 million venture capital fund &#8211; StartupSmart"},"content":{"rendered":"<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"445\" height=\"352\" itemprop=\"image\" class=\"entry-thumb\" src=\"\/wp-content\/uploads\/2014\/03\/l_westpac-branch-2-445.jpg\" alt=\"\" title=\"l_westpac-branch-2-445\"\/><\/div>\n<p>Westpac has launched Reinventure, a $50 million fund seeking early stage technology startups to back.<\/p>\n<p>The fund is seeking 12 companies to invest in over the coming years.<\/p>\n<p>While the mandate is broad and focused on disruptive technologies, Westpac are particularly seeking data aggregation and payment system start-ups.<\/p>\n<p>A spokesperson for Westpac told <i>StartupSmart <\/i>the fund would operate as a distinct entity from the bank.<\/p>\n<p>\u201cWe\u2019ve helped set it up but from a day to day basis (fund founders) Simon and Danny are the ones who are driving it,\u201d the spokesperson says.<\/p>\n<p>\u201cOur motivation is we want to be closer to the forefront of technological advances as the world is moving pretty fast. We want to explore new growth areas and local entrepreneurs.\u201d<\/p>\n<p>The fund\u2019s founders are entrepreneur and in-house venture capital lead at APN News &amp; Media Danny Gilligan, and Simon Cant, principal at innovation consultants Cant Associates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Westpac has launched Reinventure, a $50 million fund seeking early stage technology startups to back. The fund is seeking 12<\/p>\n","protected":false},"author":2,"featured_media":61071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/40847"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=40847"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/40847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61071"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=40847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=40847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=40847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}