# Breakthrough Victoria: portfolio, investments and team

> Breakthrough Victoria is a vc firm based in Australia. 10 investments on record, 1 in the last 12 months, latest May 2026.

Source: https://millionrounds.com/fund/breakthrough-victoria (Millionrounds; every figure on the page links to its filing or article)

Australia · [Investor](https://millionrounds.com/investors)

# Breakthrough Victoria

Last cheque observed May 2026; 10 cheques on record.

Email

VC firm Deploying now

Seed Series A Series B Civic Tech Regulation Gov Tech

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Deploying now

**13%** of best year **1** **cheques in 12 months**, 10 on record

Since the last cheque **161** days **00** hrs **00** min **00** sec

Median round **$2.7M** Cheque size, as they say **$10M – $15M** Rounds led **3 of 10** Mostly in **Australia, 90%**

Pitch Breakthrough Victoria

## Breakthrough Victoria highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed and Pre-seed: 63% of its rounds
- 03 Led 3 rounds

## What they do

> Breakthrough Victoria was launched in 2021 to be a private investment company for Victoria, providing patient capital and investment that impacts the State’s economy and wellbeing. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $10M – $15M as they say
- **Stages:** Seed Series A Series B
- **Sectors:** Civic Tech Regulation Gov Tech
- **Based in:** Melbourne, Australia
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **10 appearances**

- **2026** 1 round
- **May** **[AlleSense](https://millionrounds.com/company/allesense)** Grant · AU · Startup Daily **$1.8M** With 3 others
- **2025** 6 rounds
- **Sept** **[Harvest B](https://millionrounds.com/company/harvest-b)** Pre-seed · AU · Startup Daily **$2.3M** With 4 others
- **Aug** **[Myostellar, Fyton Bio, and Remagine Labs](https://millionrounds.com/company/myostellar-fyton-bio-and-remagine-labs)** Pre-seed · AU · Startup Daily **$1.4M** With 1 other
- **Jun** **[Amber](https://millionrounds.com/company/amber)** Growth · AU · Startup Daily **$45M** With 6 others
- **Apr** **[Gaia Project Australia](https://millionrounds.com/company/gaia-project-australia)** Seed · AU · Startup Daily **$1.0M** With 3 others
- **Jan** **[Diag-Nose.io](https://millionrounds.com/company/diag-nose-io)** Seed · AU · Startup Daily **$3.1M** *Led*
- **Jan** **[Electra](https://millionrounds.com/company/electra)** Series A · US · TechCrunch **$257M** With 9 others
- **2024** 3 rounds
- **Dec** **[Umps Health](https://millionrounds.com/company/umps-health)** AU · Startup Daily **$2.0M** *Led*
- **Oct** **[Conflux Technology](https://millionrounds.com/company/conflux-technology)** Series B · AU · Startup Daily **$11M** *Led*
- **May** **[Xefco](https://millionrounds.com/company/xefco)** Seed · AU · Virescent Ventures **$11M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## What they claim to have backed

From their own portfolio page (on their website)

**18** of 34 we have independently watched raise

[Amber Logo Blue 01](https://millionrounds.com/company/amber-electric)[Atmo Logo white](https://millionrounds.com/company/atmo-biosciences)[CFX Brand Wordmark 5](https://millionrounds.com/company/conflux-technology)[Eden Brew](https://millionrounds.com/company/eden-brew)[Electra Lith](https://millionrounds.com/company/electralith)[Harvest B full](https://millionrounds.com/company/harvest-b)[Kite magnetics](https://millionrounds.com/company/kite-magnetics)[Liquid logo 2](https://millionrounds.com/company/liquid-instruments)[Millibeam](https://millionrounds.com/company/millibeam)[Navi medical technologies](https://millionrounds.com/company/navi-medical-technologies)[Number8bio device usp](https://millionrounds.com/company/number-8-bio)[Quantum Brilliance Primary](https://millionrounds.com/company/quantum-brilliance)[Raygen](https://millionrounds.com/company/raygen)[Smart Paddock Horizontal](https://millionrounds.com/company/smart-paddock)[Smileyscope](https://millionrounds.com/company/smileyscope)[Type one logo 300x23](https://millionrounds.com/company/type-one-energy)[Umps Colour RGB](https://millionrounds.com/company/umps-health)[Xefco](https://millionrounds.com/company/xefco) Annual Report 2025 Bygen carbon Ceruleaclinicaltrials Combination Mark 011 Diag Nose IO Medical FLAIM Australia Brandmark BLACK INFLEQTION LOGO LANDSCAPE Jig Jupiter Ionics colour Main Logo Navy copy Revised RGB Vertical Screenshot Seer Red Viridian Logo 3 W World View Zena Logo Full 1

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Series B

Median round joined **$2.7M** the round, not its cheque

Led 3 of 10 rounds **30%**

- **Said size:** $10M – $15M
- **Sole investor:** Never alone
- **Last cheque:** May 2026

Rounds by stage said on their site

- Seed said *3*
- Pre-seed *2*
- Grant *1*
- Growth *1*
- Series A said *1*
- Series B said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Main Sequence Ventures](https://millionrounds.com/fund/main-sequence) 2
- [Mandalay Ventures](https://millionrounds.com/fund/mandalay-venture-partners) 2

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## Who they invest alongside

The investors most often in the same rounds as Breakthrough Victoria. A count of rooms they were both in, not a relationship either has claimed.

[**Main Sequence Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/main-sequence)[**Mandalay Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/mandalay-venture-partners)

## Recently backed

The latest companies Breakthrough Victoria put money into.

[**AlleSense** $1.8M · May 2026](https://millionrounds.com/company/allesense)[**Harvest B** $2.3M · Sept 2025](https://millionrounds.com/company/harvest-b)[**Amber** $45M · Jun 2025](https://millionrounds.com/company/amber)[**Gaia Project Australia** $1.0M · Apr 2025](https://millionrounds.com/company/gaia-project-australia)[**Electra** $257M · Jan 2025](https://millionrounds.com/company/electra)[**Umps Health** $2.0M · Dec 2024](https://millionrounds.com/company/umps-health)

## Quick answers about Breakthrough Victoria

### What does Breakthrough Victoria invest in?

Breakthrough Victoria invests most often at Seed and Pre-seed (63% of the rounds on record), in sectors such as Civic Tech, Regulation and Gov Tech.

### How active is Breakthrough Victoria?

10 investments on record, 1 of them in the last 12 months, and it led 3. The most recent was in May 2026.

### What has Breakthrough Victoria invested in recently?

Its most recent investments on record: AlleSense (Grant, May 2026), Harvest B (Pre-seed, Sept 2025) and Myostellar, Fyton Bio, and Remagine Labs (Pre-seed, Aug 2025).

### How big are Breakthrough Victoria's cheques?

The median round it joins is $2.7M. It says it writes cheques of $10M to $15M.

### Does Breakthrough Victoria lead rounds?

Yes: it led 3 of its 10 investments on record (30%).

### Where does Breakthrough Victoria invest?

Most of the companies it backs are in Australia (90%) and the United States (10%).

### Is Breakthrough Victoria investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Breakthrough Victoria invest alongside?

Most often Main Sequence Ventures (2 rounds together) and Mandalay Ventures (2 rounds together).

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