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Victoria

State · Australia · Pop. 6.9M · #47 region by EV

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

1,060 Pool of Funded Startups

New Startups

454 Annual Startups FoundedAll new ventures

130 Annual Startups FundedReceived investment

get funded 29%

912Startups

393 Pre-Seed Startups$100K–1M

301 Seed Startups$1–4M

Pre-Seed to Seed 17%

218 Series A Startups$4–15M

Seed to Series A 26%

132Breakouts

108 Series B Breakouts$15–40M

A to Series B 27%

24 Series C Breakouts$40–100M

B to Series C 29%

16Scaleups

9 Mega Scaleups$100–250M

reach Mega 0.85%

7 Mega+ Scaleups$250M+

reach Mega+ 0.66%

21Valuation Outcomes

18 Unicorns($1–10B valuation)

reach Unicorn 1.7%

3 Decacorns($10–100B valuation)

reach Decacorn 0.28%

Pre-Seed

393

Seed

301

Series A

218

Series B

108

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

Victoria's latest quarter in venture capital

VC raised by Victoria-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 Victoria

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

Largest rounds in Victoria - 2026

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

- rounds · - raised

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VC investment

How much venture capital flows into Victoria

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

Academia

Victoria's academic flywheel

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

University-linked startup formation

372

University spinouts

1,537

Total alumni-founded companies

1,098

Of which startups (<$15M raised)

363

Breakouts ($15M-100M)

Scaleups ($100M+)

Location comparison

How Victoria stacks up

Compare Victoria 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

Victoria

$65.5B

$15.9B

$5.7B

$4.3B

$3.1B

Combined enterprise value of each ecosystem.

Top regions in Australia ranked by combined EV. Victoria's row is highlighted (#2).

#	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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