New South Wales
State · Australia · Pop. 8.4M · #27 region by EV
Enterprise value
How much New South Wales’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in New South Wales, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
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.
Startup funnel
New South Wales's startup funnel
Companies headquartered in New South Wales at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
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
Loading VC raised by New South Wales-headquartered companies…
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
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 | 12.1× | 23 | $1.4B | 2,383 |
| 2 | Victoria | $66.3B | 5.9× | 21 | $1.6B | 1,466 |
| 3 | Queensland | $16.3B | 7.3× | 5 | $236.4M | 648 |
| 4 | Western Australia | $5.6B | 7.0× | 1 | $60.8M | 283 |
| 5 | Tasmania | $4.3B | 370.1× | 1 | $573.2M | 31 |
| 6 | South Australia | $3.1B | 12.1× | 1 | $58.5M | 156 |
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.