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The Venture Codex

Breakthrough Victoria

Level 2, 31 Queen Street, Melbourne, VIC, 3000, Australia

Overview

$2 billion fund driving investment in research and innovation.

Founded

2021

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Series A

Geographic focus

Australia
United States

Sector focus

—

Investment portfolio

27rounds
NAMEDATESIZE
AlleSense
May 2026Participated
$4 MOther Equity
Harvest B
Sep 2025Participated
$6 MSeries A
Infleqtion
Jun 2025Participated
$100 MSeries C
Diag-Nose.io
Feb 2025Led
$2 MSeed
Conflux Technology
Nov 2024Led
$11 MSeries B
JigSpace
Jul 2024Led
$13 MOther Equity
Millibeam
Jul 2024Led
$3 MOther Equity
Liquid Instruments
Jun 2024Led
$12 MOther Equity
Neo-Bionica
May 2024Led
$5 MOther Equity
World View Enterprises
May 2024Led
$25 MOther Equity
Xefco
Apr 2024Participated
$11 MSeed
RayGen
Apr 2024Led
$51 MSeries D
AlleSense
May 2026Participated
$4 MOther Equity
Harvest B
Sep 2025Participated
$6 MSeries A
Infleqtion
Jun 2025Participated
$100 MSeries C
Diag-Nose.io
Feb 2025Led
$2 MSeed
Conflux Technology
Nov 2024Led
$11 MSeries B
JigSpace
Jul 2024Led
$13 MOther Equity
Millibeam
Jul 2024Led
$3 MOther Equity
Liquid Instruments
Jun 2024Led
$12 MOther Equity
Neo-Bionica
May 2024Led
$5 MOther Equity
World View Enterprises
May 2024Led
$25 MOther Equity
Xefco
Apr 2024Participated
$11 MSeed
RayGen
Apr 2024Led
$51 MSeries D
27
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Insights

Time horizon

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Deal Distribution

Breakthrough Victoria: 27 funding rounds are recorded in the selected participation categories.All available history.
Breakthrough Victoria: 27 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed22
Series A24
Series B12
Series C+11
Other Equity84

Monthly Deal Activity

Breakthrough Victoria: 27 deals are recorded across 92 months.All available history.
Breakthrough Victoria: 27 deals are recorded across 92 months. All available history
MonthDeals
Mar '191
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '222
Dec '221
Jan '230
Feb '231
Mar '231
Apr '230
May '231
Jun '230
Jul '230
Aug '232
Sep '230
Oct '231
Nov '230
Dec '231
Jan '241
Feb '240
Mar '241
Apr '243
May '242
Jun '241
Jul '242
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Breakthrough Victoria: Manufacturing is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Breakthrough Victoria: Manufacturing is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Manufacturing9
Hardware & Robotics8
Health & Life Sciences7
Space & Frontier Tech6
Clean Energy & Sustainability4
Food & Agriculture4
Education & Workforce3
Consumer & Lifestyle3
E-Commerce & Retail2
AR/VR2
Networks, Cloud & Communication2
Government & Defense1
Enterprise Software1
Data, Analytics & IT1
Transportation & Logistics1
Marketing & Advertising1
AI & Machine Learning1

Deal Size Distribution

Breakthrough Victoria: 27 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Breakthrough Victoria: 27 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M3
$10M-$25M6
$25M-$50M3
$50M-$100M1
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Breakthrough Victoria: Australia has the largest recorded deal count among the displayed regions (23 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Breakthrough Victoria: Australia has the largest recorded deal count among the displayed regions (23 deals). All available history
RegionDeals
Australia23
United States3
Europe1
Breakthrough Victoria: 20 co-investors are shown, with Investible sharing 6 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Breakthrough Victoria: 20 co-investors are shown, with Investible sharing 6 recorded deals. All available history
Co-investorShared deals
Investible6
Main Sequence Ventures5
Acorn Capital2
Alberts Impact Ventures2
Australian Government2
Global Frontier Investments2
In-Q-Tel2
Maverick Ventures2
Possible Ventures2
Radar Ventures2
Rampersand2
Accurafy41
Agati Capital1
AM Ventures1
Anorak Ventures1
Archangel1
Artesian1
Assembly Climate Capital1
Aura Ventures1
Axial1

Investment Strategy

Breakthrough Victoria: Led accounts for 52% and participating for 48% of round participation.All available history.
Breakthrough Victoria: Led accounts for 52% and participating for 48% of round participation. All available history
CategoryDeals (count)Share (%)
Led1452%
Participating1348%
Breakthrough Victoria: Single-lead accounts for 93% and co-led for 7% of lead dynamics.All available history.
Breakthrough Victoria: Single-lead accounts for 93% and co-led for 7% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1393%
Co-led17%

Team

Josh Funder

Director

Lauren Morrey

Executive Director Development

Rod Bristow

CEO