New South Wales
State · Australia · Pop. 8.4M · #27 region by EV
* 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.
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
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.
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.
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 | $184B | 12.3× | 22 | $1.3B | 2,348 |
| 2 | Victoria | $64.6B | 5.9× | 20 | $1.6B | 1,446 |
| 3 | Queensland | $15B | 6.7× | 5 | $235.5M | 643 |
| 4 | Western Australia | $5.6B | 7.0× | 1 | $60.3M | 279 |
| 5 | Tasmania | $4.3B | 370.1× | 1 | $573.2M | 31 |
| 6 | South Australia | $3.1B | 12.1× | 1 | $58.9M | 158 |
More data
Explore Dealroom data →Get the full New South Wales ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.