Breakthrough Victoria
Government fundMelbourne · Pre-Seed–Late Stage · 7 people tracked
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 Aug 3, 2026.
Team · 7 people
from the firm's website
What they invest in
from 29 of 32 portfolio companiesDeep Tech ×12Hardware ×10Cleantech ×8Medical Devices ×8Biotech ×7Healthtech ×7Digital Health ×5Energy ×5
HQs:Australia×18United States×4Germany×1
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×62 founders×54+ founders×1
Investments · 32 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 12023 · 13 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-TelS VenturesS32+4 more
Aravax is a clinical-stage biotechnology company developing next-generation immunotherapies to treat food allergies.
BiotechHealthtechMedical DevicesMelbourne, AU
Sara Prickett(Co-founder)
Co-investorsNovartis 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
Co-investorsArtesian
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)Kiyonori Suzuki(Professor)Liz Williams(Senior Executive)
Co-investorsBoson VenturesGalileo VenturesInvestible Climate Tech FundPossible Ventures
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)Emerge EducationGlitch CapitalSEEK Investments
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 Ventures
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-investorsRadar 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(CEO)
Co-investorsMain Sequence VenturesDigitalis 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)SJ Oosthuizen(CTO)
Co-investorsMain Sequence VenturesVX VenturesFathom
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)
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
Co-investorsAnorak VenturesAura Ventures
Jupiter Ionics develops patented modular electrochemical technology to produce carbon-neutral green ammonia from renewable energy for use in agriculture, shipping fuel, and renewable energy export.
CleantechClimate TechEnergy
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 VenturesLockheed Martin 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 Ventures
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)Shing
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)
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)
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(Chief Technology Officer)Mark Luo(Chief Executive Officer)
Co-investorsCP VenturesInterValley VenturesInvestible Climate Tech FundMain Sequence VenturesR&D Tax IncentiveRampersand
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-investorsChevron Technology VenturesEquinor VenturesR&D Tax Incentive
Co-investorsDCVC (Data Collective)Fourward VenturesGreycroftHitachi VenturesMain Sequence VenturesTitanium Ventures+1 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)Evelyn Chan(Executive Officer, Director)Noah Rolland(Executive Officer, Director)
BoardFred Toney(Director)
Co-investorsTen13
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)
Co-investorsBreakthrough Energy VenturesGD1Orbia VenturesVoLo Earth Ventures
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)
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(Executive Officer, Director, Promoter)inJane Poynter(Executive Officer, Director, Promoter)inGrant Anderson(Executive Officer, Director)inAlan Stern(Director)inStephen Wideman(Executive Officer)inRyan Hartman(Executive Officer, Director)in
Co-investorsAccelBase Venture Management, Inc.Norwest Venture PartnersWestern Technology InvestmentCanaan PartnersNEW VISTA CAPITAL
Xefco develops advanced materials and manufacturing solutions for the textile industry, with a focus on sustainable dyeing and finishing technologies.
Advanced ManufacturingCleantechNew MaterialsGeelong, AU
Co-investorsMain Sequence VenturesPacific ChannelVirescent Ventures
Exits · 1
IPOs and acquisitions across the tracked portfolioInfleqtionNYSE: INFQ
Portfolio news
latest coverage across their companies
Infleqtion · kavout.com · Jul 16, 2026
Cadmus · cadmusgroup.com · Mar 17, 2026
World View Enterprises · worldview.org · Apr 23, 2025
Frequently asked questions
- How many investments has Breakthrough Victoria made?
- Breakthrough Victoria has 31 tracked investments, including 1 dated in the last 24 months.
- What stage does Breakthrough Victoria invest at?
- Breakthrough Victoria invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Breakthrough Victoria focus on?
- Breakthrough Victoria focuses on Advanced Manufacturing, AgTech, Biotech, Cleantech, Climate Tech, Deep Tech, FoodTech, Healthtech, Impact & Social Good.
- Where is Breakthrough Victoria located?
- Breakthrough Victoria is headquartered in Melbourne, AU.
- Who does Breakthrough Victoria co-invest with?
- Breakthrough Victoria most often shares deals with Main Sequence Ventures, Investible Climate Tech Fund, Significant Ventures, among 48 tracked co-investors.
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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