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Westpac

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 22
Average round size
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The average size of a deal this fund participated in
$139M
Portfolio companies 20
Rounds per year 0.11
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.09
Exits 7
Key employees 1

Areas of investment

  • Financial Services
  • FinTech
  • Finance
  • Internet
  • Energy
Summary

In 1817 was created Westpac, which is appeared as Corporate Investor. The main department of described Corporate Investor is located in the Sydney. The company was established in Australia.

The standard case for the fund is to invest in rounds with 7-8 partakers. Despite the Westpac, startups are often financed by Cultivation Capital, Route 66 Ventures, Reinventure Group. The meaningful sponsors for the fund in investment in the same round are SBI Group, Natixis, ING Group. In the next rounds fund is usually obtained by Y Combinator, CLS.

The fund is constantly included in 2-6 investment rounds annually. Comparing to the other companies, this Westpac performs on 16 percentage points less the average number of lead investments. Considering the real fund results, this Corporate Investor is 42 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2017. The usual things for fund are deals in the range of more than 100 millions dollars.

Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. We can highlight the next thriving fund investment areas, such as Blockchain, Shopping. Among the most popular portfolio startups of the fund, we may highlight R3, Moven, uno. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little.

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Typical Co-investors
Westpac is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Westpac:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Rich Data Corporation

Analytics
Artificial Intelligence
Financial Services
Lending
Machine Learning
Software
$20M29 Nov 2023 Sydney, New South Wales, Australia

Kasisto

Artificial Intelligence
Computer
Financial Services
FinTech
Information Technology
Software
$15M22 Aug 2022 New York, New York, United States

10xbanking

Banking
Financial Services
FinTech
Software
$187M14 Jun 2021 London, England, United Kingdom

Lygon

Blockchain
Financial Services
$5M13 Jun 2021 Sydney, New South Wales, Australia

Moven

Apps
Banking
FinTech
Mobile
Real Time
$23M31 Jan 2018 New York, United States

mx51

Finance
Financial Services
FinTech
Payments
01 Jul 2017 Sydney, New South Wales, Australia

uno

Finance
Financial Services
FinTech
Internet
Real Time
$12M14 Sep 2016 Sydney, New South Wales, Australia
News
10x Future Technologies Raises $187M in Series C Funding

– 10x Future Technologies from London develops a cloud native SaaS bank operating system which enables banks to deliver products, services and customer experiences to retail and SME customers.
– The company raised $100m in Series C funding.
– The round was led by BlackRock and Canada Pension Plan Investment Board (CPP Investments) with participation from existing investors JPMorgan Chase, Nationwide, Ping An and Westpac.
– The new investment will be used for the company’s expansion plans into new markets, including North America, as well as further development of its cloud native 10x SuperCore™ platform.

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Total investments 22
Average round size 139M
Rounds per year 0.11
Peak activity year 2017
Lead investments 2
Follow on index 0.09
Exits 7
Group Appearance index 0.64

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Rich Data Corporation

Analytics
Artificial Intelligence
Financial Services
Lending
Machine Learning
Software
$20M29 Nov 2023 Sydney, New South Wales, Australia

Kasisto

Artificial Intelligence
Computer
Financial Services
FinTech
Information Technology
Software
$15M22 Aug 2022 New York, New York, United States

10xbanking

Banking
Financial Services
FinTech
Software
$187M14 Jun 2021 London, England, United Kingdom

Lygon

Blockchain
Financial Services
$5M13 Jun 2021 Sydney, New South Wales, Australia

Moven

Apps
Banking
FinTech
Mobile
Real Time
$23M31 Jan 2018 New York, United States

mx51

Finance
Financial Services
FinTech
Payments
01 Jul 2017 Sydney, New South Wales, Australia

uno

Finance
Financial Services
FinTech
Internet
Real Time
$12M14 Sep 2016 Sydney, New South Wales, Australia
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