Victoria
State · Australia · Pop. 6.9M · #47 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 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
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.
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.
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 | $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 Victoria ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.