Startup funnel
Victoria's startup funnel
Companies headquartered in Victoria at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
Quarterly report
Victoria's latest quarter in venture capital
Venture capital raised by Victoria-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
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Enterprise value
How much Victoria’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Victoria, 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 Victoria
VC investment into Victoria-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
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
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 | City | Founders | Companies |
|---|---|---|---|---|
| 1 | Monash University | Melbourne | 1,931 | 2,116 |
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 | 12.1× | 24 | $1.4B | 2,393 |
| 2 | Victoria | $67B | 6.0× | 21 | $1.6B | 1,468 |
| 3 | Queensland | $16.2B | 7.3× | 5 | $236.4M | 649 |
| 4 | Western Australia | $5.6B | 7.0× | 1 | $61.2M | 284 |
| 5 | Tasmania | $4.3B | 370.1× | 1 | $573.2M | 31 |
| 6 | South Australia | $3.1B | 12.2× | 1 | $60.4M | 156 |
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.