Share this article
Westpac-Backed VC Firm Among Coinbase's Series C Investors
Reinventure Group, a venture capital firm backed by Westpac, Australia's second-largest bank, has been revealed as one of Coinbase's Series C backers.
By Stan Higgins
Updated Sep 11, 2021, 11:45 a.m. Published Jun 30, 2015, 7:19 a.m.
Reinventure Group, a venture capital firm backed by Westpac, the second-largest bank in Australia, has been revealed as one of bitcoin wallet and exchange service Coinbase's Series C backers.
Coinbase announced in January that it had raised $75m in new funding, a round that drew support from Spanish megabank BBVA and Fortune 500 financial services group USAA, among others.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The participation of Reinventure was disclosed in a 29th June blog post, in which Coinbase said that it planned to "share insights into the use of digital currencies globally" with the VC firm. According to the Sydney Morning Herald, the firm contributed an undisclosed amount to the Series C round.
"We're very excited to be working with such a great management team and look forward to helping them grow their business," Simon Cant, co-founder of Reinventure, told the Morning Herald.
Reinventure's investment portfolio features two financial technology startups: peer-to-peer lending platform SocietyOne and payments firm PromisePay.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles
The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock.
What to know:
- STRD’s credit spread versus the U.S. 10-year Treasury narrowed to a new low on Friday.
- Strategy sold $82.2 million of STRD through its ATM program in the week ended Dec. 14, the largest weekly issuance since launch.
- Historical ATM data shows STRD has recently dominated preferred issuance among Strategy’s offerings.
Top Stories
