Ledger. Australian venture funding, tracked

VC firm blog

Breakthrough Victoria

Everything we hold that Breakthrough Victoria published.

Articles

The most recent 60 of 115 articles we hold from Breakthrough Victoria.

Exit / M&A

Five years of backing the ideas that will shape Victoria’s future

Breakthrough Victoria's five-year retrospective highlights portfolio progress across health, energy and quantum, including Infleqtion's NYSE listing, alongside aggregate figures for commitments, co-investment and capital returns.

Under Breakthrough Victoria ·leads this story in the feed

3 deals

Recent Good News from our portfolio

Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.

Also Breakthrough Victoria

Under Breakthrough Victoria ·leads this story in the feed

2 deals

Innovation Victoria: building the next phase of Victoria's innovation system

Breakthrough Victoria and LaunchVic are combining into new entity Innovation Victoria, with chairs departing and Rod Bristow appointed CEO. The announcement also recounts portfolio milestones including funding rounds and a NYSE listing.

Under Breakthrough Victoria ·leads this story in the feed

2 deals

Innovation Victoria: building the next phase of Victoria's innovation system

Breakthrough Victoria announces Innovation Victoria, combining BV and LaunchVic; Rod Bristow appointed CEO as both chairs depart. Also recalled: Infleqtion's NYSE listing and raises at Amber Electric and Liquid Instruments.

Under Breakthrough Victoria ·leads this story in the feed

News

Breakthrough Victoria's university platform funds EntroMat, Excelligent and Remagine Labs

Victorian pre-seed program BVUIP, backed by Breakthrough Victoria and seven universities, has funded startups EntroMat, Excelligent and Remagine Labs, plus fellowship grants for three PhD-led ventures.

News

Breakthrough Victoria recaps a month of events across Victoria's innovation ecosystem

Breakthrough Victoria staff attended agrifood, climate finance, women's health and deep tech events, and joined the launch of agritech firm YieldX.

Seed $1.8m

Investment Update: YieldX investment starting to yield results

Breakthrough Victoria recounts how its joint fund with La Trobe University seeded hydroponics developer YieldX, now running a commercial greenhouse in Victoria and expanding to India via a deal with Zomato's Hyperpure.

Funding announcement

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.

Also Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Breakthrough Victoria·Startup Daily·SmartCompany

Unnamed stage $10m

BV Insights: Building the Quantum Advantage

Breakthrough Victoria outlines its quantum investment strategy, recalling a December 2024 follow-on round in Quantum Brilliance, its 2022 initial backing, and $45 million deployed into Infleqtion across three years.

Under Breakthrough Victoria ·leads this story in the feed

Series B $45m

Breakthrough Victoria Portfolio Highlights 2025 Funding and Milestones

Breakthrough Victoria highlights portfolio achievements including Amber Electric's forty-five million dollar raise, Bygen and Diag-Nose grants, and Quantum Brilliance series A funding.

Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·Dealroom

undisclosed $10m

Investment Update: Quantum Brilliance Opens World's First Commercial Quantum Diamond Foundry

The venture investor's post marks the opening of Quantum Brilliance's diamond foundry in Melbourne and recounts the $10 million follow-on backing it completed in late 2024, adding to support first given in 2022.

Under Breakthrough Victoria ·leads this story in the feed

undisclosed $10m

AR 2024/25: Breakthrough Victoria's J-Curve Moment

Breakthrough Victoria's CEO reviews its 2024/25 year: growing capital base, strong co-investment leverage, portfolio milestones including Amber's $10m raise, first fellows awarded, and projected economic impact ahead.

Also Startup Daily·Startup Daily·RenewEconomy

Funding announcement

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.

undisclosed $75m

Breakthrough Victoria commits $75 million across five VC funds

Breakthrough Victoria makes cornerstone investments totalling $75 million into five venture capital funds spanning climate-tech, biotech, diversity-focused and health sciences investing.

Funding announcement

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.

Unnamed stage US$110m

Breakthrough Victoria and Infleqtion: Powering Victoria’s Quantum Future

Breakthrough Victoria reflects on its 2022 investment in quantum company Infleqtion, part of a larger raise, detailing Victorian operations, university partnerships, workforce programs and a planned US listing via SPAC.

Pre-seed $750k

Myostellar | with Monash Ventures Pre-Seed Fund The Investment: $750,000 The Company: Myostellar The University Partner: Monash University Breakthrough V... Read 4 Aug 2025

Breakthrough Victoria announces a $375,000 investment alongside Monash University in Myostellar's $750,000 round via Monash Ventures' pre-seed fund; the Monash start-up develops biologic therapies to regenerate muscle in muscular dystrophy.

Under Breakthrough Victoria ·leads this story in the feed

Funding announcement

BREAKTHROUGH VICTORIA AND MONASH UNIVERSITY INVEST IN THREE GROUNDBREAKING STARTUPS TO IMPROVE LIVES AND EASE PRESSURE ON VICTORIA’S HEALTH SYSTEM

Breakthrough Victoria and Monash University put joint pre-seed backing into three life-sciences spinouts and launched the $15m Monash Ventures pre-seed fund, part of a $100m platform commercialising Victorian university research.

4 deals

Breakthrough Victoria and Monash University Back Three Health Startups with $2.25 Million Investment

The investor's site reports a joint pre-seed investment with Monash University totalling $2.25 million across three health startups, and the launch of Monash Ventures' $15 million pre-seed fund for research commercialisation.

Also Breakthrough Victoria·SmartCompany·@AuManufacturing·@AuManufacturing

Funding announcement

Investing in a Cleaner Future: Reflections from the Frontlines of Climate Innovation

The fund's authors recap two climate-investment events, weighing the massive global capital needs, mixed public-private funding models, and its clean-economy portfolio activity in Victoria.

Funding announcement

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.

3 deals

Co-Investment Update: La Trobe University Eagle Fund

Breakthrough Victoria's update announces its Eagle Fund co-investment with La Trobe University, an $18 million pre-seed vehicle, and details $1 million backing each for agtech startup Yield X and diagnostics spin-out ExCelligent DX.

Also Breakthrough Victoria

Fund close $100m

Thought Leadership Series: A CEO's Perspective on Driving Innovation

Breakthrough Victoria's chief executive reflects on the sovereign fund's first four years, its university co-funding partnerships and OECD evidence that government venture capital works best alongside private investors.

Funding announcement

Breakthrough Victoria and ACU Co-Invest $14 Million In State's Future Growth

Australian Catholic University signs on as the seventh university in Breakthrough Victoria's co-investment platform, with matched funding pledged; the article also recaps four earlier startup investments via Melbourne's Genesis Pre-Seed fund.

Series A US$20m

Breakthrough Victoria Portfolio Companies Celebrate Milestones and Global Growth

Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.

undisclosed $700k

Navi Medical Technologies secures FDA Clearance

Navi Medical Technologies, a Breakthrough Victoria portfolio holding, has won FDA clearance for its newborn catheter-guidance device. The Melbourne startup drew a $700,000 investment from the fund in August 2023; another raise is planned.

Under Breakthrough Victoria ·leads this story in the feed

Something wrong? Tell us