The two rounds that defined Victoria's 2025

Together, Airwallex and Synchron raised US$500M — the engine behind the state's record VC year.
Top Victorian VC rounds in 2025
Airwallex Series F · Fintech
US$300M
Synchron Series D · Brain-computer interface
US$200M
Combined Two rounds, one record year
US$500M
Source: Dealroom × LaunchVic, Victorian Startup Growth Report 2025
LaunchVic