Investors / Australia / Breakthrough Victoria
Breakthrough Victoria
Investor · Melbourne, Australia · Asia Pacific
Breakthrough Victoria was a Victorian government-backed innovation investor that committed capital to breakthrough research, high-growth companies, venture capital funds, university partnerships and a bioincubator. It concluded operations on 30 June 2026 and merged with LaunchVic to form Innovation Victoria.
Invests inAI & Machine LearningHealthcare & BiotechIndustrial & Manufacturing
In its own wordsresearch commercialisationventure capital fundsbioincubatoruniversity partnershipsinnovation ecosystemgrowth companies
Your fit with Breakthrough Victoria
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsBreakthrough Victoria lists 33 checked portfolio companies on its own site and is named in 2 funding rounds, 1 of them as lead. Its most frequent entry is Series A, 50% of the companies with a known first round. Its largest themes are AI & Machine Learning (26%), Healthcare & Biotech (21%) and Industrial & Manufacturing (19%). 82% of its companies are based in Australia. It invests most often alongside Main Sequence, Investible and Creative Destruction Lab.
Counts come from funding rounds that name Breakthrough Victoria, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Breakthrough Victoria's whole history. Rounds on record name 2 companies; its own site lists 33. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundBreakthrough Victoria does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 0% |
| Series A | 50% |
| Series B | 50% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 1 | 1 |
| '25 | 0 | 0 |
| '26 | 1 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 71th | 33 companies |
| Recent activity | 59th | 1 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 67th | 6% of companies confirmed by a round |
| Sector focus | 40th | 26% in its largest sector |
| Reach | 58th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 26% | 18% |
| Healthcare & Biotech | 21% | 15% |
| Industrial & Manufacturing | 19% | 7% |
| Education | 15% | 7% |
| Space & Defense | 8% | 3% |
| Climate & Energy | 4% | 1% |
| Consumer | 4% | 3% |
| Food & Agriculture | 2% | 3% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Main Sequence | 8 |
| Investible | 4 |
| Creative Destruction Lab | 3 |
| IQT | 3 |
| Possible Ventures | 3 |
| Virescent Ventures | 3 |
| Giant Leap | 2 |
| INP Capital | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers33100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Breakthrough Victoria head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Breakthrough Victoria| Date | Company | Stage |
|---|---|---|
| 28 Jul 2026 | Series A | |
| 24 Oct 2024 | Series B Led |
Round details for Breakthrough Victoria
Amounts, full round histories and every co-investor in Breakthrough Victoria's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
33 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Amber provides renewable energy services, including wholesale electricity and battery automation, to residential customers. | EducationEducation | Portfolio page | ||
| Aravax is dedicated to developing next-generation immunotherapies for the treatment of food allergy | Healthcare & Biotech | Portfolio page | ||
| Atmo Biosciences develops an ingestible gas-sensing capsule that measures gases in the gastrointestinal tract to evaluate motility disorders. | Healthcare & Biotech | Portfolio page | ||
| Bygen produces and supplies sustainable activated carbon | Industrial & ManufacturingSpace & Defense | Portfolio page | ||
| Cadmus enables universities to deliver assessments end-to-end, in one streamlined platform. | EducationEducation | Portfolio page | ||
| Cerulea Clinical Trials is a not-for-profit ophthalmic clinical trials site | Healthcare & Biotech | Portfolio page | ||
| Conflux Technology designs and manufactures heat transfer technology for various high-performance sectors. | Industrial & ManufacturingAI & Machine Learning | Oct 2024Series B | Page + round | |
| Diag-Nose.io is mapping the unified airway to deliver AI-powered precision diagnostics and discover life-changing therapies. | Healthcare & Biotech | Portfolio page | ||
| Eden Brew develops a nutrition delivery platform based on casein micelle functionality | Food & Agriculture | Portfolio page | ||
| ElectraLith extracts and refines lithium using its DLE-R technology | Industrial & ManufacturingClimate & Energy | Portfolio page | ||
| FLAIM Systems designs, develops, and deploys immersive technology training systems for high-risk environments | Industrial & ManufacturingEducation | Portfolio page | ||
| Infleqtion builds neutral atom quantum computers, precision sensors, and software built to solve critical challenges for governments, businesses, and research institutions. | AI & Machine LearningSpace & Defense | Portfolio page | ||
| JigSpace creates interactive 3D presentations for sales and training purposes. | EducationIndustrial & Manufacturing | Portfolio page | ||
| Jupiter Ionics commercialises electrochemical technology for producing green ammonia for various industries | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Kite Magnetics helps automotive powertrain teams build more efficient electric motors with an ultra low loss nanocrystalline stator core material | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| Portfolio page | ||||
| MILLIBEAM designs and engineers wireless systems, including proprietary silicon, RF architectures, and deployable platforms, for various applications such as defence, robotics, and autonomy. | AI & Machine LearningRobotics & Hardware | Portfolio page | ||
| Navi Medical Technologies develops medical devices for newborns and children, specifically for central vascular access devices | Healthcare & Biotech | Jul 2026Series A | Page + round | |
| Neo-Bionica designs and manufactures implantable neurotechnology devices | Healthcare & Biotech | Portfolio page | ||
| Number8Bio develops and sells a livestock bolus that reduces methane emissions and improves animal resilience. | AI & Machine LearningAI & Machine Learning | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- breakthroughvictoria.com
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 24 Oct 2024
- Companies checked
- 33
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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