Victoria's Startup Ecosystem 2023 | Research

Victoria’s Startup Ecosystem 2023

Victoria’s startup value reaches $100 billion+ despite VC slowdown

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.

Download

GET REPORT

First Name *

Last Name *

Email *

Organisation *

Work Title *

By entering your email above and clicking on the DOWNLOAD button, you agree that we may collect the above personal information and use it for the purpose of communicating with you regarding LaunchVic. You can contact us at any time via Contact Us to withdraw consent, enquire or request the deletion of your personal identifying information.