Fundraising Fox
Breakthrough Victoria
Government fundMelbourne · Pre-Seed–Growth · 7 people tracked
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Investment thesis
Breakthrough Victoria was launched in 2021 as a private investment company for the State of Victoria, deploying patient, long-term capital to innovation businesses that improve people's lives and strengthen the local economy. It invests across all stages of growth — from research institutes and startup founders to established businesses — and brings together commercial and government partners to build on Victoria's innovation track record. Beyond direct company investment, it backs research infrastructure, shared technology facilities, research platforms and other funds to raise commercialisation and research translation rates. The firm is a signatory to the UN-supported Principles for Responsible Investment.
Source: firm website, verified Sep 27, 2026.
Team · 7 people
from the firm's website
CIO responsible for sourcing and investing in later stage opportunities, with over 30 years in funds management, M&A, sustainability and civil engineering across top-tier investment banks in the USA and Australia.
Non-executive director and audit/risk committee chair with over 35 years of experience across government, commercial and not-for-profit sectors, with expertise in health, life sciences and insurance.
Vice Chancellor's Professorial Fellow at Monash University and former Executive Vice President and Global Chief Medical Officer at Boston Scientific, an experienced interventional cardiologist and clinical trialist. He serves on Broadview's Strategic Advisory Board.
Former Premier (2007-2010) and Treasurer (2000-2007) of Victoria, and experienced board director who chairs several for-profit and not-for-profit organisations. He is Chancellor of La Trobe University and an honorary professor at the University of Melbourne.
Founder, CEO and Managing Director of Household Capital, former partner at GBS Ventures, and former director of Celladon. He holds a D.Phil from Oxford where he studied as a Rhodes Scholar.
COO responsible for corporate functions including finance, risk, compliance, IT and people, with a track record in innovation labs at NAB and ANZ. She holds an MBA from Melbourne Business School.
Executive, investor and board director with two decades in Silicon Valley venture capital. Former CEO of SkyPilot Networks, Associate Partner at Mobius Venture Capital, and venture partner at Skalata Ventures.
What they invest in
from 36 of 46 portfolio companiesDeep Tech ×14Hardware ×10Biotech ×9Cleantech ×9Healthtech ×8Medical Devices ×8AgTech ×6Digital Health ×6
HQs:Australia×22United States×4Germany×1Israel×1
Who they back
founder profiles across 21 portfolio companiesFounding team size:solo founder×122 founders×63 founders×14+ founders×2
Where their founders studiedfrom 13 founders with education data
Australian Institute of Company Directors ×4Monash University ×2The University of Texas at Austin ×2University of Melbourne ×2University of Sydney ×2
What their founders studiedfrom 17 founders with field-of-study data
Engineering ×8Business & Management ×2Economics ×2Finance & Accounting ×2Life Sciences ×2Medicine ×2Physics ×2
Where their founders worked beforefrom 19 founders with career history
Biosphere 2 ×2Startmate ×2The Explorers Club ×2
Investments · 46 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12024 · 52023 · 52022 · 113 dated
Infleqtion builds neutral-atom quantum computers, precision quantum sensors, and related software, and works on integrated photonics to scale quantum systems.
Deep TechHardwareQuantum ComputingLouisville, US
Dana Anderson(Founder)inPranav Gokhale(Chief Technology Officer)inPaul Lipman(Chief Revenue Officer)inJason D. Hall(Chief Legal Officer)inIlan Hart(Chief Financial Officer)inMatthew J. Kinsella(Chief Executive Officer)in
Co-investorsCaruso VenturesForma PrimeGlynn Capital ManagementIn-Q-TelMaverick VenturesS Ventures+7 more
Aravax is a clinical-stage biotechnology company developing next-generation immunotherapies to treat food allergies.
BiotechHealthtechMedical DevicesMelbourne, AU
Sara Prickett(Co-founder)in
Co-investorsBrandon CapitalNovartis Venture FundTenmileUniSeed Pty Ltd.
Bygen manufactures activated carbon from renewable nut shells and sustainable forestry materials for use in water filtration, air purification, pharmaceuticals, cosmetics, and manufacturing industries.
Advanced ManufacturingCircular EconomyCleantechNew MaterialsMelbourne, AU
Lewis Dunnigan(Founder)in
Co-investorsArtesianImpact Ventures Management Pty Ltd
Kite Magnetics develops Aeroperm®, a nanocrystalline magnetic material that improves electric motor efficiency, targeting automotive powertrains and unmanned aerial vehicle propulsion systems.
Advanced ManufacturingCleantechDeep TechEnergyHardwareNew MaterialsVictoria, AU
Richard Parsons(Founder and CEO)inKiyonori Suzuki(Professor)Liz Williams(Senior Executive)in
Co-investorsBlackbird VenturesBoson VenturesGalileo VenturesInvestible Climate Tech FundPossible VenturesSQM Lithium Ventures
Additive provides a GenAI tool that extracts tax data from K-1, K-3, and related forms (including state forms, 199A, 926, and others), converting PDF tax packages into Excel workpapers or JSON via a web app, Excel add-in, or API.
AI & Machine LearningFintechSaaS
Venky Iyer(Founder)in
Co-investorsMantis CapitalACORN BIOVENTURESAM VenturesElad GilFred EhrsamImmad Akhund+2 more
Amber gives Australian households direct access to wholesale electricity pricing so they can shift usage to cheaper, greener times and automatically export stored battery and EV energy for higher earnings.
CleantechClimate TechConsumerEnergy
Chris Thompson(Founder)inDan Adams(Founder)inJohn Bartonin
Co-investorsAlberts Impact VenturesBlack Sheep CapitalImpact Ventures Management Pty LtdMain Sequence VenturesMighty PartnersShearwater Capital+5 more
Atmo Biosciences develops an FDA-cleared ingestible capsule using gas-sensing technology to diagnose gastrointestinal dysmotility conditions for gastroenterologists.
BiotechHealthtechMedical DevicesNew York City, US
Mal Hebblewhite(CEO)
Cadmus is a university-partnered assessment platform for higher education that supports secure exams, collaborative tasks, academic integrity insights, and assisted marking.
EdTechSaaS
Herk Kailis(Founder)in
Co-investorsCardinia VenturesMelbourne Accelerator Program (MAP)SEEK InvestmentsEmerge EducationGlitch Capital
Cerulea Clinical Trials runs ophthalmic clinical trials focused on vision research, giving patients access to new therapies and clinical care.
BiotechDigital HealthHealthtech
Conflu-X Technology manufactures thermal management products including cold plates, intercoolers, and liquid cooling solutions for automotive, aviation, data center, defense, and industrial applications.
Advanced ManufacturingData & InfrastructureHardware
Co-investorsAM VenturesACORN BIOVENTURES
Diag-Nose.io develops precision diagnostics and therapies for respiratory diseases including asthma, COPD, and sinusitis by combining nasal microsampling, proteomics, and machine learning to analyze airway biology.
AI & Machine LearningBiotechDigital HealthMedical Devices
Co-investorsMedTech ActuatorRadar Ventures
Eden Brew develops food and supplementation products designed to deliver nutrition in natural forms that align with how the human body processes nutrients, with a focus on sustainable scaling and long-term health support.
BiotechDeep TechFoodTechHealthtechImpact & Social Good
Jim Fader(Founder)in
Co-investorsMain Sequence VenturesDigitalis VenturesPossible VenturesRadar Ventures
ElectraLith develops electrochemical and material-science technologies for lithium production and battery recycling in the renewable energy and mining sectors.
CleantechDeep TechEnergyNew Materials
Charlie McGill(CEO)inSJ Oosthuizen(CTO)in
Co-investorsIn-Q-TelMain Sequence VenturesVX VenturesFathom
EntroMat produces High Entropy Material (HEM) powders using patented, computationally designed compositions for high-performance alloys.
Advanced ManufacturingDeep TechNew Materials
Co-investorsSwinburne Innovation Studio
FLAIM develops immersive extended-reality training systems for first responders, defence personnel, and high-risk industry workers to prepare for real-world emergencies.
Deep TechDefense TechEdTechMelbourne, AU
Simon Miller(Managing Director)inFergus Porter(Chief Product and Technology Officer)in
Co-investorsCommon Sense VenturesSignificant Ventures
A B2B food technology company building a better plant-based meat system.
Sydney, AU
Kristi Knaack Riordan(Founder)in
Co-investorsAlberts Impact VenturesAura VenturesInvestible Climate Tech FundMandalay Venture Partners
Innovation Victoria is a board-led organisation that supports innovation, investment and growth across the state of Victoria.
Sector AgnosticMelbourne, AU
BoardRod Bristow(CEO)in
JigSpace enables companies with hardware and physical products to create interactive 3D and augmented reality presentations for investor pitches and customer demonstrations without coding, using CAD files and simple drag-and-drop tools.
Creator EconomyDeep TechDeveloper ToolsEnterprise SoftwareMarketing TechSaaSSales Tech
Zac Duff(Founder)in
Co-investorsAnorak VenturesAura VenturesFlying Fox Ventures
Jupiter Ionics is developing an electrochemical process to produce ammonia for clean energy and carbon-neutral fertilisers used in sustainable agriculture.
AgTechCleantechClimate TechEnergyMelbourne, AU
Douglas MacFarlane(Founder)Alexandr Simonov(Founder)Charlie Day(CEO)in
Co-investorsTenacious Ventures
Liquid Instruments develops Moku, a reconfigurable integrated test system for complex research and development applications.
Deep TechDeveloper ToolsEnterprise SoftwareHardware
Daniel Shaddock(CEO)inDanielle Wuchenich(Chief Operating Officer)in
Co-investorsAnzu PartnersSignificant VenturesACORN BIOVENTURESAcorn CapitalLockheed Martin VenturesMA Growth Ventures
Millibeam develops PHASEBEAM, a low-cost 5G transceiver platform for FR1 applications in the 3.3–4.1 GHz band, supporting 2x2 MIMO configurations for handsets and fixed wireless access devices.
Deep TechHardwareSemiconductorsNot stated, AU
Co-investorsArchangel VenturesMain Sequence VenturesArchangel
Navi develops a medical device — an ECG-based catheter tip location system for newborn and pediatric patients — to help doctors and nurses in neonatal and pediatric intensive care units deliver better vascular access care.
Digital HealthHardwareHealthtechMedical DevicesMelbourne, AU
Alex Newton(CEO & Co-founder)inShing
BoardChristiane
Co-investorsArtesian
Neo-Bionica develops neurotechnology devices and systems, leveraging expertise in implantable device design, neural interfaces, and medical device engineering for the neurotech market.
BiotechDeep TechMedical DevicesMelbourne, AU
Ludovic Labat(CEO)in
BoardLusia Guthrie AM(Chair)
Number8 develops solutions to increase productivity and reduce emissions in grass-fed cattle operations and their retail supply chain.
AgTechBiotechClimate TechFoodTechImpact & Social GoodAustralia, AU
Tom Williams(Co-founder)Alex Carpenter(Co-founder)in
Co-investorsIcehouse VenturesMain Sequence VenturesPossible VenturesThe March Group
Quantum Brilliance develops integrated quantum microchips based on diamond nitrogen-vacancy centers for sensing and computing applications.
Deep TechHardwareQuantum ComputingSemiconductorsStuttgart, DE
Marcus Doherty(Founder)inMark Luo(Founder)inAndrew Horsley(Founder)
Co-investorsCP VenturesIn-Q-TelInterValley VenturesInvestible Climate Tech FundMain Sequence VenturesR&D Tax Incentive+6 more
RayGen is an Australian clean energy company that develops long-duration energy storage systems combining solar power generation with electro-thermal storage to provide renewable energy on demand.
CleantechClimate TechEnergyHardwareVictoria, AU
Dr John Lasich(Executive Director, Founder & Chief Research Officer)
Co-investorsEquinor VenturesChevron Technology VenturesR&D Tax Incentive
AI-powered enzyme technology that breaks down hard-to-recycle plastics for infinite recycling.
Paul Riley(Founder)
Co-investorsDCVC (Data Collective)Fourward VenturesGreycroftHitachi VenturesMain Sequence VenturesTitanium Ventures+5 more
This appears to be a research article or blog post from Seer Medical describing a study on using ECG (electrocardiogram) signals for seizure detection as an alternative to traditional EEG-based methods.
BiotechDigital HealthHardwareMedical Devices
Smart Paddock develops an integrated livestock monitoring platform combining GPS tracking, water tank monitoring, and fence line management for farm operators.
AgTechData & InfrastructureIoTSaaSAustralia, AU
Co-investorsSkalata
Smileyscope develops virtual reality digital therapeutics for clinical procedures that reduce patient pain and anxiety without sedation.
Digital HealthHealthtechMedical DevicesAustin, US
Paul Leong(Executive Officer, Director)inEvelyn Chan(Executive Officer, Director)inNoah Rolland(Executive Officer, Director)in
BoardFred Toney(Director)
Co-investorsMelbourne Accelerator Program (MAP)Alice Anderson FundTen13
A venture capital firm that invests in the commercialization of research, with a focus on innovations emerging from the University of Melbourne and its affiliated medical research institutions and hospitals in the Melbourne Biomedical Precinct.
BiotechDeep TechImpact & Social GoodMelbourne, AU
Co-investorsTenmileAGI HOUSE VENTURESAramco VenturesBTECH CONSORTIUMEJF VenturesLakestar+1 more
Type One Energy is a fusion energy startup founded by stellarator experts to design and commercialize a next-generation stellarator fusion power plant.
CleantechClimate TechDeep TechEnergy
Chris Mowry(CEO)inBrian Matthews(Founder)Chris Hegna(Founder)David Anderson(Founder)John Canik(Founder)Randall Volberg(Founder)
Co-investorsBreakthrough Energy VenturesGD1Orbia VenturesTDK VenturesTRIRECVoLo Earth Ventures+4 more
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Umps provides personal alarm and monitoring solutions for older adults seeking to maintain independent living at home rather than enter aged care facilities.
AgTechConsumerHardwareHealthtechIoTLongevityWellness & FitnessAustralia, AU
Adam Jahnke(Co-founder and CEO)in
Co-investorsInterValley Ventures
Viridian Renewable processes black soldier fly larvae to produce food-grade protein, oil, and frass ingredients for manufacturers.
AgTechCircular EconomyCleantechFoodTech
Wavewise develops brain monitoring technology for brain injury care in healthcare settings.
Deep TechDigital HealthHealthtechMedical Devices
Co-investorsSignificant Ventures
Worldview provides high-altitude balloon remote sensing and persistent stratospheric observation, integrating sensors and platforms across air, stratosphere, and space into a unified intelligence workflow.
AI & Machine LearningDefense TechSpace TechTravel & HospitalityTucson, US
Taber MacCallum(Founder)inJane Poynter(Founder)inGrant Anderson(Executive Officer, Director)inAlan Stern(Founder)inStephen Wideman(Executive Officer)inRyan Hartman(Executive Officer, Director)in
Co-investorsAccelBase Venture Management, Inc.Norwest Venture PartnersRevolutionWestern Technology InvestmentCanaan Partners+2 more
Xefco develops advanced materials and manufacturing solutions for the textile industry, with a focus on sustainable dyeing and finishing technologies.
Advanced ManufacturingCleantechNew MaterialsGeelong, AU
Tom Hussey(Founder)in
Co-investorsMain Sequence VenturesPacific ChannelVirescent Ventures
YieldX develops an AI-powered biosecurity platform for poultry production that uses IoT-based scent detection to predict, detect, and prevent disease outbreaks in food production systems.
AgTechAI & Machine LearningIoTCaesarea, IL
Izak Shoshana(Founder)in
Co-investorsTechstars
Zena makes patented, impact-protection vests contoured for female anatomy to guard the sternum, breast, and rib area for girls and women playing contact sports.
Direct to ConsumerSports TechWellness & Fitness
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
DeftbiotechExcelligentFytonBioJumar BioincubatorMyostellarRemagine LabsThe University of Melbourne Genesis Pre-seed Fund
Exits · 2
1 IPOs · 1 acquisitionsInfleqtionNYSE: INFQAdditiveacq. by Thomson Reuters
Portfolio news
latest coverage across their companies
Type One Energy · techcrunch.com · Oct 6, 2026
Quantum Brilliance · thequantuminsider.com · Jun 26, 2026
Liquid Instruments · finsmes.com · Apr 28, 2026
Frequently asked questions
- How many investments has Breakthrough Victoria made?
- Breakthrough Victoria has 46 tracked investments, 2 of which have exited, including 4 dated in the last 24 months.
- What stage does Breakthrough Victoria invest at?
- Breakthrough Victoria invests at the Pre-Seed, Seed, Series A, Growth stages.
- What sectors does Breakthrough Victoria focus on?
- Breakthrough Victoria focuses on Advanced Manufacturing, AgTech, Biotech, Cleantech, Climate Tech, Deep Tech, Energy, FoodTech, Healthtech, Impact & Social Good, Medical Devices.
- Where is Breakthrough Victoria located?
- Breakthrough Victoria is headquartered in Melbourne, AU.
- Does Breakthrough Victoria lead rounds?
- Breakthrough Victoria has led 4 of the 14 rounds where its role is on record.
- Who does Breakthrough Victoria co-invest with?
- Breakthrough Victoria most often shares deals with Main Sequence Ventures, In-Q-Tel, Investible Climate Tech Fund, among 72 tracked co-investors.
- What size deals does Breakthrough Victoria back?
- Across 8 deals with disclosed amounts, Breakthrough Victoria has joined rounds of $7M – $127M (median $21.3M).
Media · Podcasts & interviews
from their channelLa Trobe University Eagleworks Innovation Centre Launch & The La Trobe Eagle Fund
Breakthrough Victoria
Founder Interview: Breakthrough Victoria x Atmo Biosciences
Breakthrough Victoria
Fund Spotlight: Virescent Ventures - Climate Tech Investors
Breakthrough Victoria
neo-bionica: commercialising neurotechnology innovation globally
Breakthrough Victoria
Fund Spotlight: Scale Investors - Australia’s First Women-Led VC Fund Backing Women-Led Startups
Breakthrough Victoria
Jumar Bioincubator - Interview with GM Camille Shanahan
Breakthrough Victoria
Images
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