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Metro area · Oceania

Melbourne

Metro area · Australia · Pop. 4.9M

A public taster of the full Melbourne ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

$50.6B+37%
Combined startup EV
$1.5B
VC invested (last 12mo)
1,340
Tracked startups
#49/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
20
20 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
1
$10B+ tier
🐎 Thoroughbreds
13
Top 1% growth · $500M+

Enterprise value · 2015–2025

Melbourne grew 16.7× since 2015

Combined enterprise value of every tracked startup headquartered in Melbourne that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $15B $30B $45B $60B Melbourne · $52.6B 2015 2018 2021 2024 2025

Adjacent cities by EV

Startup funnel

Melbourne's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
353
Seed
278
Series A
209
Series B
102
Series C
22
Unicorn
19
Decacorn
1

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Notable companies

Top private companies in Melbourne

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 1
REA Group
Unicorns $1B+ valuation 19
Judo BankCulture AmpClinuvel PharmaceuticalsMessageMediaNeuren PharmaceuticalsTelix PharmaceuticalsMYOBPEXACar GroupWebjetAconexA Cloud GuruLinktreePolyNovoSEEKZellerMesoblastAirwallexRedbubble
Thoroughbreds+ $100M+ revenue 13
REA GroupAirwallexTelix PharmaceuticalsCar GroupSEEKJudo BankRedbubblePEXAWebjetBanxaTrajanMYOBA Cloud Guru

Academia

Melbourne's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Melbourne.

University-linked startup formation
341
University spinouts
1,217
Total alumni-founded companies
884
Of which startups (<$15M raised)
272
Breakouts ($15M-100M)
61
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Melbourne stacks up

Peers chosen from the same country (Australia), sized closest to Melbourne by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$208B
Melbourne
$50.6B
$12.5B
$5.1B
$3.1B
EV growth (5-yr ×) vs current EV

Top overview

Australia — top cities

Top cities in Australia ranked by combined EV. Melbourne's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 Sydney $208B 14.1× 18 $1.3B 2,089
2 Melbourne $50.6B 4.8× 20 $1.5B 1,340
3 Brisbane $12.5B 4.9× 3 $117.3M 456
4 Perth $5.1B 7.2× 1 $42.6M 202
5 Adelaide $3.1B 12.3× 1 $58.9M 143

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Melbourne dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Melbourne's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Melbourne's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Melbourne's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Melbourne's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Melbourne
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Melbourne
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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Get the full Melbourne ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.