Ecosystem Snapshot - LaunchVic

Victoria’s Startup Ecosystem 2023

Thanks for your interest in our latest report on the Victorian startup ecosystem.

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Our new report in partnership global startup and VC platform dealroom.co has found Victoria’s entire startup ecosystem value has jumped from $91B to $103B in the past year.

After a couple of record years VC investment in Victorian startups has returned to 2018 levels, with $668M of VC investment reported as being raised between January and November 2023. This reflects a global downturn in VC funding.

Download your copy now for all the latest stats and insights on Victoria’s startup ecosystem.

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3,400+

Victorian startups

$103b

Total ecosystem value

56,000

Employed globally by Victorian startups

18X

Ecosystem growth between 2016-2023

“This year has been tough for startups attracting venture capital. Despite this, Victoria’s ecosystem has continued to grow with a valuation now greater than $100B and a total jobs increase of 12.5 per cent since the last employment report in 2020.”

Dr Kate Cornick, CEO, LaunchVic