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A new 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.
Rounds between $15M and $100M remain above pre-pandemic levels, while there have been no mega rounds of $100M+ in 2023. Early-stage funding continues to remain below $100m investment per annum, with little movement since 2016.
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Dr Kate Cornick, CEO, LaunchVic
08 Mar 2023
Victorian Startup Ecosystem Rapidly Matures, Growth Outpacing Major Global Cities
post date: 08 Mar 2023
15 Jun 2023
Startup Genome Report: Melbourne Rises Quickly up Global Ranking
post date: 15 Jun 2023
19 Jun 2023
REPORT: DEMAND FOR VICTORIAN TECH TALENT REMAINS STRONG
post date: 19 Jun 2023