x15ventures
Industry Focus
Geographic Focus
x15ventures is a venture scaler powered by Commonwealth Bank of Australia, existing in the unique space between corporate and startup. Founded in 2020, x15 operates as a wholly-owned subsidiary with its own delivery model and dedicated management team, funded from CBA's $1 billion annual technology investment envelope. The organization builds, buys, and invests in digital startups that would benefit from connections to Australia's leading bank and could improve the lives of its 15 million customers. x15ventures takes a distinctive hybrid approach by not only making minority investments but also building ventures from scratch, acquiring promising startups, and providing hands-on operational support to scale ventures at every stage. The platform model combines cutting-edge cloud technology running on a separate tech stack from CommBank with enterprise-grade controls, enabling ventures to innovate at pace in a 'bank safe' environment while gaining access to CommBank assets including capital, brand, and customer distribution once ready. x15ventures shares CommBank's purpose to build a brighter future for all, creating products and services that improve people's lives in the moments that matter, whether reimagining existing bank products or offering solutions not traditionally classified as finance.
2020
11 Companies
3X Higher