A new report from LaunchVic and our global data partner, dealroom.co, shows Victorian startups are attracting record levels of investment, leading the nation with $2.4 billion raised in 2025.
The Victorian Startup Growth Report reveals Victoria’s startup ecosystem has grown almost 20-fold over the past decade. The state is now home to 4,400 startups with a combined valuation of $139 billion.
Victoria’s startup ecosystem is outpacing global hubs like Singapore, Sydney, Tel Aviv, Stockholm, Amsterdam, and Berlin, according to the Victorian Startup Growth Report 2024 by LaunchVic and Dealroom.co.
The report reveals that Victoria is now home to over 3,500 startups collectively valued at AU$132 billion—a remarkable 26-fold increase since 2016, when LaunchVic was established, and the ecosystem was valued at just AU$5 billion.
A report by LaunchVic and 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.
A new report by LaunchVic and the Tech Council of Australia has revealed that despite reported layoffs in larger tech businesses, the demand for talent in the Victorian startup ecosystem remains robust.
Every four years LaunchVic publishes its Ecosystem Mapping Report featuring data-led insights on the number of startups, the rate of startup creation, the proliferation of startup activity in different sectors, their location and the investment and support networks they operate in. The report provides a fascinating snapshot of Victorian founders – their age, cultural background, diversity and experience.
