ANZ's 1835i Venture Capital Unit Accelerates Investment Strategy Post-Fintech Winter

Sunday, 20 October 2024, 11:21

ANZ's venture capital arm 1835i is revamping its approach after the fintech winter. The shift signals a renewed commitment to investing, even as many speculated about its future. CEO Justin Greenstein states that the focus will now include new partnerships and imminent capital deployment.

Capitalbrief — ANZ's 1835i Venture Capital Unit Accelerates Investment Strategy Post-Fintech Winter

Resurgence of 1835i

ANZ's venture capital arm, 1835i, is emerging from the shadows of the fintech winter, poised to enhance its investment strategy significantly. Many in the market speculated that the operation had halted its activities following the departure of its founding managing director. However, CEO Justin Greenstein emphasizes that this was a calculated pause as they redirected their focus to existing portfolio companies that required additional support during last year's challenging funding environment.

New Partnerships and Investments

Heading into the current year, 1835i is shifting gears, actively seeking new venture partners, particularly in the UK and US. With Daniel Jarosch, former head of BCG's Digital Venturing unit, joining as an adviser, the groundwork for future capital deployment is being laid. Greenstein hinted that announcements on new investments are imminent, marking a significant turn for ANZ's venture efforts.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.