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New South Wales

State · Australia · Pop. 8.4M · #27 region by EV

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

1,465 Pool of Funded Startups

New Startups

582 Annual Startups FoundedAll new ventures

203 Annual Startups FundedReceived investment

get funded 35%

1,211Startups

500 Pre-Seed Startups$100K–1M

417 Seed Startups$1–4M

Pre-Seed to Seed 28%

294 Series A Startups$4–15M

Seed to Series A 25%

212Breakouts

140 Series B Breakouts$15–40M

A to Series B 32%

72 Series C Breakouts$40–100M

B to Series C 27%

42Scaleups

34 Mega Scaleups$100–250M

reach Mega 2.3%

8 Mega+ Scaleups$250M+

reach Mega+ 0.55%

23Valuation Outcomes

18 Unicorns($1–10B valuation)

reach Unicorn 1.2%

5 Decacorns($10–100B valuation)

reach Decacorn 0.34%

Pre-Seed

500

Seed

417

Series A

294

Series B

140

Series C

Unicorn

Decacorn

* 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.

Quarterly report

New South Wales's latest quarter in venture capital

VC raised by New South Wales-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.

Latest complete quarter

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Largest rounds

Largest funding rounds in New South Wales

A live treemap of the largest VC rounds. Each cell is one round into New South Wales-headquartered companies, grouped by Dealroom sector.

Largest rounds in New South Wales - 2026

Every $15M+ VC round into New South Wales-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into New South Wales

VC investment into New South Wales-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

New South Wales's academic flywheel

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

University-linked startup formation

168

University spinouts

2,170

Total alumni-founded companies

1,504

Of which startups (<$15M raised)

516

Breakouts ($15M-100M)

150

Scaleups ($100M+)

Location comparison

How New South Wales stacks up

Compare New South Wales with peers from the same country (Australia) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

New South Wales

$182B

$65.5B

$15.9B

$5.7B

$4.3B

$3.1B

Combined enterprise value of each ecosystem.

Top regions in Australia ranked by combined EV. New South Wales's row is highlighted (#1).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	New South Wales	$182B	14.9×	23	$1.3B	2,381
2	Victoria	$65.5B	9.2×	21	$1.6B	1,459
3	Queensland	$15.9B	7.2×	5	$236.4M	647
4	Western Australia	$5.7B	7.0×	1	$60.3M	281
5	Tasmania	$4.3B	370.1×	1	$573.2M	31
6	South Australia	$3.1B	12.1×	1	$59M	161

More data

Explore Dealroom data →

Country Australia Oceania · Pop. 27.2M · #13 startup ecosystem by EV Region Oceania Continent / region · Pop. 46.6M · #21 region by EV

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