Westpac’s Reinventure secures investment in InDebted

LegalVision has assisted Reinventure, a Westpac innovation fund, on its investment in a series A round capital raise.

Naomi Neilson • 11 March 2020 • SME Law

Firm: LegalVision (Reinventure)

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Deal: LegalVision has advised Westpac’s innovation fund Reinventure on its investment in InDebted’s series A round capital raise.

Value: Undisclosed.

Area: Corporate.

Key players: The team was led by practice leader Jill McKnight, who was assisted by senior lawyer Madeleine Hunt.

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Deal significance: InDebted is an Australian tech start-up that facilitates and manages debt collection for businesses of all sizes. The funding round was co-led by Sydney VC firm Carthona Capital and Singapore fund MassMutual Ventures.

Ms Hunt commented: “We are thrilled to have worked with Reinventure in successfully closing this funding round. The future for InDebted looks bright, which can be seen by how they are completely revolutionising the debt collection industry.”