Rohen Sood was promoted to general partner at Reinventure Group, the venture capital firm backed by Australia-based financial services firm Westpac, in January 2019. He has been at the firm since 2014, holding investment associate and investment manager roles.
Simon Cant, co-founder and managing partner of Reinventure, said: “Rohen Sood joined Reinventure as its first employee when it launched five years ago, coinciding with its inaugural investment into peer-to-peer lender SocietyOne.
“He has led funding rounds into smart receipt startup Slyp, AI (artificial intelligence) voice digital interviewer Curious Thing and Canada-based contextual data company Flybits.”
Sood is also on the board of Reinventure portfolio companies including online debt collector Indebted, financial data aggregator Basiq and coding technology startup CodeLingo, and has been involved in Reinventure’s expansion into Southeast Asia.
Reinventure invests in financial technology developers focusing on data and has made 28 investments so far, two of which have exited – neighbourhood social network startup Nabo and big data software developer Zetaris.
Sood, whose duties include deal-sourcing, diligence, board seats and mentoring, said: “Traditional strategy and implementation projects have short to medium term impact on businesses. CVC allows you to have a truly long-term impact on the evolution of an industry and be part of the disruptive forces that have a deeply transformational impact.
“My two greatest successes have been first working on [digital currency technology developer] Coinbase’s series C deal [in January 2015] and second gaining enough experience and support to move from zero to [six] boards in my time with the firm.”
He has been involved in all 23 investments the firm has made to date across its three funds, and apart from Coinbase, he has also played instrumental role in fintech company PromisePay’s A$14m ($10m) series A round in 2016, crime prevention software developer Auror’s series A round and business lending marketplace Valiant’s seed round the year before.
Sood holds a bachelor’s degree in electrical engineering with honours and another in commerce, economics, finance and telecommunications from University of Sydney, having spent a year at University of California, Los Angeles during his degree program.
