Danny Pearson

Record Investment Fuels Victoria’s Startup Surge

LaunchVic and dealroom.co report Victorian startups raised a record $2.4 billion in 2025, driven by late-stage deals despite early-stage declines.

Media coverage highlights Breakthrough Victoria milestone with Infleqtion listing

Breakthrough Victoria collects press coverage of Infleqtion's New York listing via a SPAC merger, which multiplied the fund's investment in the quantum company fivefold.

Infleqtion lists on the NYSE

Breakthrough Victoria's release marks Infleqtion's New York Stock Exchange listing, the investor's first portfolio listing, and notes further quantum backing of Quantum Brilliance plus Infleqtion's Victorian operations and partnerships.

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LaunchVic announces new Grant Round for AI and DeepTech startup support

Manufacturing news briefs — stories you might have missed

Roundup of manufacturing news: Archer Materials' biochip results with IMEC, Resmed's CPAP mask launch, Boeing's RAAF P-8A upgrades, Breakthrough Victoria's $75m across venture funds, an Avalon Airport freight facility, and Sleeptite's FlexiSense.

BREAKTHROUGH VICTORIA INVESTS $75 MILLION IN VENTURE CAPITAL FUNDS TO BUILD VICTORIA'S INNOVATION ECOSYSTEM

Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.

Breakthrough Fellowship Program

Breakthrough Victoria announces the first three fellows of its $7.5 million fellowship, giving each researcher $150,000 and support to turn research into startups in mental health games, IVF imaging and skin cancer detection.

Four Aussie startups that raised $4.25 million this week

Weekly roundup: Breakthrough Victoria and Monash University co-invest $2.25 million across three university healthtech spinouts, while Blackbird backs Hall, which helps businesses win visibility on AI platforms, with $2 million pre-seed.

Also Startup Daily

Victoria slings $10 million at a NVIDIA AI supercomputer tackling medical research

The Victorian government has granted ACAMI at La Trobe University $10 million to help deploy NVIDIA DGX H200 supercomputers for AI-driven medical research, including a Florey collaboration on a childhood neurodegenerative disease.

YieldX | with La Trobe University's Eagle Fund BREAKTHROUGH VICTORIA CO-INVESTS IN AGTECH COMPANY FOR EARTH AND SPACE VIA ITS UNIVERSITY INNOVATION PLATFORM PARTNERSHIP... Read 28 Mar 2025

AgTech firm YieldX has attracted a $1.7 million round, with Breakthrough Victoria and La Trobe University's Eagle Fund contributing $500,000 apiece alongside Mandalay Venture Partners and LaunchVic's Hugh Victor McKay Fund.

Navi Medical Technologies Receives FDA Clearance

Navi Medical Technologies gained US FDA clearance for its Neonav catheter guidance system; the Melbourne firm, backed by Breakthrough Victoria, plans a capital raise later in 2025 to fund its American rollout.

Health tech Umps raises $4m in Series A

Aged-care technology firm Umps Health of Melbourne has banked a $4 million Series A, with Breakthrough Victoria supplying half the money and InterValley Ventures coming onto the register alongside four existing backers.

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