Key Insights
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.
Victorian startups are now worth a combined AU$139B
Startups founded since 2004, along with unicorns, are now worth a combined AU$139B, up from $7B in 2016.
AU$2.4B raised in 2025
Victorian venture capital investment has grown 7.8x in the last 10 years, faster than the Global VC average of 2.5x.
Medtech & Enterprise Software the Top Sectors
More than half of all Australian Health and Enterprise Software startups are in Victoria.
Victorian startups have created 66.9k jobs
37.3k jobs created by Victorian startups are based in Australia. The majority of jobs created by Victorian startups are at small companies of under 50 people.
“Startups are a key engine of economic growth in Victoria. There are now close to 5,000 startups founded since 1990 employing 67,000 people. Early-stage companies are doing much of that heavy lifting, which is why continued support for startup formation matters.”
– Leigh Jasper, LaunchVic Chair
Access the Report
Download the full report to see how the ecosystem is growing, where value is being created, and what this means for jobs, investment and long term economic impact.
We hope these insights help founders, investors, policymakers and institutions understand how far the ecosystem has come and where the next opportunities are to support its next phase of growth.
More from LaunchVic
Statement from the LaunchVic Board
The Board of LaunchVic today announced that Chief Executive Officer Dr Kate Cornick has resigned, having accepted the position of Chief Executive Officer at the Tech Council of Australia.
Here are the winners of the CivVic Labs Experience Victoria Challenge
Victorian startups The Past Connection and nrtureAI have each received $25,000 in additional funding following standout performances in the CivVic Labs Experience Victoria Challenge.
New Entity for Victoria’s Innovation Ecosystem
Victoria has a world-class research sector and innovation ecosystem, and both LaunchVic and Breakthrough Victoria have played a critical role in supporting this success.
Statement from the LaunchVic Board
The Board of LaunchVic today announced that Chief Executive Officer Dr Kate Cornick has resigned, having accepted the position of Chief Executive Officer at the Tech Council of Australia.
How IMRA are pioneering surgical training without sacrifice
North Melbourne scaleup IMRA manufactures hyper-realistic, synthetic and reusable organs for use in medical training.
EnAccess Maps is taking the anxiety out of everyday trips for mobility aid users
Meet Sabrina from EnAccess Maps, a platform to help people using mobility aids find accessibility information on the places they’re planning to visit.
Fresho: Fresh food meets frictionless tech
Fresho is a global B2B platform connecting thousands of fresh food suppliers with chefs and restaurants across Australia, New Zealand, the UK, Ireland and the United States.
The two elements powering Factor House’s global success
This Melbourne startup is solving headaches for software engineers across the world.
Inside Cuttable: The new venture from Unicorn Founder Sam Kroonenburg
Finding great people and trusting your gut: hiring lessons from A Cloud Guru co-founder Sam Kroonenburg.
How IMRA are pioneering surgical training without sacrifice
North Melbourne scaleup IMRA manufactures hyper-realistic, synthetic and reusable organs for use in medical training.
EnAccess Maps is taking the anxiety out of everyday trips for mobility aid users
Meet Sabrina from EnAccess Maps, a platform to help people using mobility aids find accessibility information on the places they’re planning to visit.
Fresho: Fresh food meets frictionless tech
Fresho is a global B2B platform connecting thousands of fresh food suppliers with chefs and restaurants across Australia, New Zealand, the UK, Ireland and the United States.
The two elements powering Factor House’s global success
This Melbourne startup is solving headaches for software engineers across the world.
Inside Cuttable: The new venture from Unicorn Founder Sam Kroonenburg
Finding great people and trusting your gut: hiring lessons from A Cloud Guru co-founder Sam Kroonenburg.