# Innovation Victoria: portfolio, investments and team

> Innovation Victoria is a growth equity. 5 investments on record, 4 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# Innovation Victoria

Last cheque observed Sep 2026; 5 cheques on record.

Email

Deploying now Growth equity

Seed Growth Series E

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Deploying now

**100%** of best year **4** **cheques in 12 months**, 5 on record

Since the last cheque **40** days **00** hrs **00** min **00** sec

Median round **$31M** Rounds led **1 of 5** Mostly in **Australia, 100%**

Pitch Innovation Victoria

## Innovation Victoria highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Seed and Growth: 60% of its rounds
- 03 Led 1 rounds

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2026** 4 rounds
- **Sept** **[Amber Electric](https://millionrounds.com/company/amber-electric)** Series E · AU · TechStartups **$56M** With 9 others
- **Sept** **[Amber](https://millionrounds.com/company/amber)** Growth · AU · ETF Partners **$79M** With 3 others
- **Sept** **[GonGlobal](https://millionrounds.com/company/gonglobal)** Seed · AU · Startup Daily **$1.2M** *Led*
- **Jul** **[Navi Medical Technologies](https://millionrounds.com/company/navi-medical-technologies)** Venture · AU · Startup Daily **$6.8M** With 5 others
- **Undated** 1 round
- **-** **[Remagine Labs](https://millionrounds.com/company/remagine-labs)** Seed · AU · Firms' own news pages **Undisclosed** With 2 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.

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Galileo Ventures 1 fund](https://millionrounds.com/fund/galileo-ventures)

Most recent commitments

- [Galileo Ventures EXPANSION](https://millionrounds.com/fund/galileo-ventures)

## The cheque

Seed Growth Series E

Median round joined **$31M** the round, not its cheque

Led 1 of 5 rounds **20%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed *2*
- Growth *1*
- Series E *1*
- Venture *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [1GT](https://millionrounds.com/fund/1gt) 2
- [Environmental Technologies Fund](https://millionrounds.com/fund/environmental-technologies-fund) 2
- [e.on](https://millionrounds.com/fund/e-on) 2

**Pitching Innovation Victoria?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**1GT** Growth equity **2** rounds together](https://millionrounds.com/fund/1gt)[**Environmental Technologies Fund** Investment firm **2** rounds together](https://millionrounds.com/fund/environmental-technologies-fund)[**e.on** VC firm **2** rounds together](https://millionrounds.com/fund/e-on)

## Recently backed

The latest companies Innovation Victoria put money into.

[**Amber Electric** $56M · Sept 2026](https://millionrounds.com/company/amber-electric)[**Amber** $79M · Sept 2026](https://millionrounds.com/company/amber)[**GonGlobal** $1.2M · Sept 2026](https://millionrounds.com/company/gonglobal)[**Navi Medical Technologies** $6.8M · Jul 2026](https://millionrounds.com/company/navi-medical-technologies)[**Remagine Labs**](https://millionrounds.com/company/remagine-labs)

## Quick answers about Innovation Victoria

### What does Innovation Victoria invest in?

Innovation Victoria invests most often at Seed and Growth (60% of the rounds on record).

### How active is Innovation Victoria?

5 investments on record, 4 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

### What has Innovation Victoria invested in recently?

Its most recent investments on record: Amber Electric (Series E, Sept 2026), Amber (Growth, Sept 2026) and GonGlobal (Seed, Sept 2026).

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

The median round it joins is $31M.

### Does Innovation Victoria lead rounds?

Yes: it led 1 of its 5 investments on record (20%).

### Where does Innovation Victoria invest?

Most of the companies it backs are in Australia (100%).

### Is Innovation Victoria investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does Innovation Victoria invest alongside?

Most often 1GT (2 rounds together), Environmental Technologies Fund (2 rounds together) and e.on (2 rounds together).

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