About Breakthrough Victoria
Breakthrough Victoria is a venture capital firm founded in 2021. It is primarily based out of Melbourne, Australia. As of Jul 2026, Breakthrough Victoria is an active investor, having invested in 31 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in Australia based startups. Its investments are spread across a wide range of sectors from High Tech to HealthTech and Enterprise Applications. Most recently it participated in the $***** Series A round of Navi Medical Technologies Overall, Breakthrough Victoria portfolio has seen 1 IPO and 1 acquisition, namely Infleqtion and World View. A lot of funds co-invest with Breakthrough Victoria, with names like Main Sequence sharing a substantial percentage of its portfolio. Breakthrough Victoria has team of 30 people including 15 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Breakthrough Victoria's List of Top Investments
Breakthrough Victoria has a portfolio of 31 companies. Their most notable investments are in Neo-Bionica and MilliBeam.Their portfolio spans across Australia and United States. They have invested in High Tech, HealthTech, Enterprise Applications and 16 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Breakthrough Victoria:
1. Infleqtion
Provider of neutral-atom quantum technology, products and solutions. The company specializing in neutral-atom quantum computing, precision quantum sensing, and quantum software. They are focused on driving the industry forward and building an ecosystem of quantum technologies. It is used for defense and national security, space, telecommunications, scientific research and enterprise computing.
Key facts about Infleqtion
- Founded Year: 2007
- Location: Louisville (United States)
- Stage: Public
- Total Funding till date: $311M
- Employee Count: 258 as on Aug 31, 2026
- Investors: Glynn Capital, Maverick Ventures and 31 Others
- Latest Funding Round: Grant (prize money), Mar 11, 2026, $*****
- Highlight: Public
2. Amber
Provider of energy solutions for home batteries, solar, and EVs. It offers tools to manage energy consumption, including battery automation technology. The company provides access to wholesale electricity prices and feed-in rates. It also offers resources such as solar and battery calculators, compatibility checks, and expert consultations.
Key facts about Amber
- Founded Year: 2017
- Location: Melbourne (Australia)
- Stage: Series E
- Total Funding till date: $160M
- Employee Count: 228 as on Aug 31, 2026
- Investors: Morgan Stanley, ETF Partners and 22 Others
- Latest Funding Round: Series E, Sep 21, 2026, $*****
- Highlight: Editors' Pick
3. World View
World View provides balloon-based space imagery. It uses a high-altitude balloon and pressurized space capsule to fly passengers to the edge of the atmosphere. Its balloon offers services like imagery and analyses high-resolution images and video, IR imagery, radar data to send back to the earth.
Key facts about World View
Reconfigurable test and measurement instruments for advanced research and development. They provide integrated test solutions engineered for seamless customization. Their reconfigurable Moku platform accelerates research and development, cutting time and cost. Designed for researchers, it delivers efficiency in complex test scenarios. They offer software-defined instruments, FPGA-powered hardware, and cloud-based tools. Their technology includes neural networks, multi-instrument mode, and custom compilation. They serve industries like optics, aerospace, semiconductor, and AI. Their mission is to create transformational tools that improve user capabilities. Their vision is to help engineers and scientists solve global challenges. They value customer value, product quality, innovation, and diversity. They offer test platforms, software, instruments, cloud compile, and multi-instrument modes.
Key facts about Liquid Instruments
- Founded Year: 2014
- Location: San Diego (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $135M
- Employee Count: 115 as on Sep 30, 2026
- Investors: Martin Ventures, Acorn Capital and 15 Others
- Latest Funding Round: Series C, Apr 28, 2026, $*****
- Highlight: Editors' Pick
Developer of quantum computers using superconducting qubit technology. It provides users with a platform that developed a quantum architecture quantum computer to operate in ambient conditions that eliminate the process of cryogenics. It can be used in data centres, hospitals, autonomous vehicles, and remote facilities.
Key facts about Quantum Brilliance
- Founded Year: 2019
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $77.7M
- Employee Count: 102 as on Aug 31, 2026
- Investors: Investible, Alium Capital and 15 Others
- Latest Funding Round: Series A, Jan 15, 2025, $*****
- Highlight: Editors' Pick
Breakthrough Victoria's Year-on-Year Investment Trends
Breakthrough Victoria has invested in 31 companies over the last 4 years, with an average of 7 new investments annually in the last 3 years. In 2025, it made 8 investments, while as of Jul 2026, it has made 2 investments in this year. Its most recent first time investment was in AlleSense and most recent follow-on round was in Navi Medical Technologies.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 5 | 3 | 8 |
2024 | 14 | 2 | 16 |
2023 | 6 | 0 | 6 |
2022 | 3 | 0 | 3 |
Breakthrough Victoria's Investments by Stage
Breakthrough Victoria has made 10 investments in Series A stage with an average round size of $12.3M, 9 investments in Seed stage with an average round size of $3.42M and 5 investments in Series B stage with an average round size of $44.7M.Stage of entry | No. of Investments |
|---|---|
Series A | 10 |
Seed | 9 |
Series B | 5 |
Grant (prize money) | 2 |
Series D | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Breakthrough Victoria's Investments by Sector
Breakthrough Victoria has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Enterprise Applications, Environment Tech and Life Sciences. Notably, it has invested in 26 Tech companies, 25 Enterprise (B2B) companies, 14 Tech hardware companies and at least 10 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 13 |
Sustainability Tech | 9 |
Enterprise Applications | 7 |
Environment Tech | 6 |
Life Sciences | 5 |
Others | 34 |
Note: We have considered here, only first round of investments
Breakthrough Victoria's Investments by Geography
Breakthrough Victoria has made most investments in Australia (25), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Australia | 25 |
United States | 3 |
Note: We have considered here, only first round of investments
Breakthrough Victoria's recent investments
Breakthrough Victoria has made 2 investments in 2026 so far - Navi Medical Technologies and AlleSense.Here are the most recent investments by Breakthrough Victoria:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 28, 2026 | Australia | Series A | 1239 | [+1] | |
May 28, 2026 | Australia | Seed | 8846 | - | |
Oct 17, 2025 | - | Grant (prize money) | 2644 | - | |
Sep 12, 2025 | Australia | Seed | 9984 | - | |
Jun 04, 2025 | Australia | Series D | 1252 | [+3] |
IPOs and Publicly Listed companies in Breakthrough Victoria's Portfolio
1 of Breakthrough Victoria's portfolio company became public - Infleqtion. It got listed on the New York Stock Exchange (NYSE), in Feb 2026 at marketcap of $2.39BHere are Breakthrough Victoria's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 17, 2026 | Jun 06, 2022 | Series B | 2699 |
Acquired companies in Breakthrough Victoria's Portfolio
1 company from Breakthrough Victoria's portfolio has been acquired. The most recent acquisition was World View in Mar 2026 by Ondas Networks for $*****.Here are Breakthrough Victoria's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 23, 2026 | Feb 27, 2024 | Series D | 6155 |
Team profile of Breakthrough Victoria
Breakthrough Victoria has a team of 30 members including 15 Partners, 1 Venture Partner and 5 Principals located in Australia and United States. Breakthrough Victoria's team does not sit on the board of any company as of now.Here is a list of top team members in Breakthrough Victoria:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Melbourne | - | ||
Partner | Australia | - | - | |
Partner | Melbourne | - | - | |
Partner | - | - | - | |
Partner | Perth | - | - | |
Partner | Melbourne | - | ||
Partner | Palo Alto | - | - | |
Partner | - | - | ||
Partner | Melbourne | - | ||
Partner | Melbourne | - | ||
Partner | Melbourne | - |
Co-investors of Breakthrough Victoria
Over the past 4 years, 170 investors have co-invested in Breakthrough Victoria's portfolio companies. This includes funds and angels.
- Invested before Breakthrough Victoria: Main Sequence, Acorn Capital and 71 others have invested in rounds before Breakthrough Victoria. There are 4 companies where Main Sequence has invested before Breakthrough Victoria and 2 companies where Acorn Capital has invested before Breakthrough Victoria.
- Top Co-investors of Breakthrough Victoria: 57 investors entered a company along with Breakthrough Victoria. These include investors like Main Sequence (3 companies).
- Invested after Breakthrough Victoria: A total of 40 investors have invested in Breakthrough Victoria's portfolio after their investments. Top Investors include Morgan Stanley (2 companies), National Reconstruction Fund (2 companies) and Defense.gov (1 company).
Recent News related to Breakthrough Victoria
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AlleSense raises $5 million for cancer diagnostics with NanoMslide technologyStartup Daily•May 28, 2026•AlleSense, Breakthrough Victoria, Australian Government
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Breakthrough Victoria posted a $5.7 million loss last financial yearStartup Daily•Nov 11, 2025•Breakthrough Victoria
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Breakthrough Victoria invests $2 million in Harvest BAustralian Manufacturing Forum•Sep 12, 2025•Breakthrough Victoria, Woolworths, Aura Ventures
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Monash University health tech startups secure $2.25M pre-Seed funding with Breakthrough Victoria supportStartup Daily•Aug 01, 2025•Monashfodmap, Breakthrough Victoria
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Victoria to review startup support, Breakthrough Victoria and LaunchVic under scrutinyInnovationAus.com•Jun 11, 2025•Breakthrough Victoria, LaunchVic
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Amber Secures $45M Funding for Global Expansion of Battery Automation TechAustralian Manufacturing Forum•Jun 04, 2025•AmberStudent, ETF Partners, Square Peg Ventures, Gentrack and 2 others
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Infleqtion Secures $100M to Scale Quantum PlatformsFinSMEs•Jun 02, 2025•Infleqtion, Glynn Capital, S32, SAIC Capital and 11 others
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Melbourne deep tech materials startup EntroMat scores $1m investmentBusiness News Australia Pty Ltd•Mar 28, 2025•EntroMat, Breakthrough Victoria, Swinburne University of Technology
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Metal powder startup EntroMat gets $1 million investment from Swinburne University, Breakthrough VictoriaAustralian Manufacturing Forum•Mar 26, 2025•EntroMat, Breakthrough Victoria
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Breakthrough Victoria co-invests in Melbourne company focussed on aerospaceiTWire•Mar 26, 2025•EntroMat, Breakthrough Victoria
