Breakthrough Victoria

Founded in 2021, Breakthrough Victoria is an venture capital based in Melbourne, Victoria. The firm seeks to invest in companies operating in the health and life sciences, advanced manufacturing, digital technologies, agri-food, and clean economies sectors.

Rod Bristow

CEO

Josh Funder

Director

Mark Johnson

Director

36 past transactions

RayGen

Series D in 2025
RayGen is an Australian technology company specializing in advanced solar power and electricity storage solutions. It offers a Solar Power Plant that provides renewable energy on demand, featuring a cost-effective, long-duration solar plus storage system. This utility-scale installation enables time-shifting energy storage and synchronous generation of high-quality power, adaptable to various grid locations. The core technologies include RayGen's proprietary PV Ultra for solar cogeneration and Thermal Hydro for electro-thermal storage. With a team of 30 professionals in engineering, manufacturing, operations, and sales, RayGen has successfully developed and sold 1MWAC PV Ultra projects supported by power purchase agreements. The company manufactures its high-efficiency solar modules at a 25MWAC facility in Melbourne and has received backing from the Australian Renewable Energy Agency and the Victorian Government’s New Energy Jobs Fund.

EntroMat

Seed Round in 2025
EntroMat is a pioneering deep-tech startup transforming the metal powder industry through the advancement of high entropy material (HEM) powders.

Diag-Nose.io

Seed Round in 2025
Diag-Nose.io is a biotechnology company established in 2020, dedicated to enhancing the diagnosis and treatment of chronic nasal disorders, particularly chronic sinusitis. The company utilizes a precision medicine platform that integrates protein and digital biomarkers with multivariate algorithms to generate actionable clinical insights for patients. This approach helps clinicians accurately diagnose overlapping sinonasal conditions, allowing for tailored treatment strategies that improve patient outcomes. Diag-Nose.io's flagship platform, RhinoMAP™, employs advanced proteomics and machine learning to predict respiratory disease activity, assess therapy responses, and forecast treatment efficacy. By streamlining the diagnostic process and facilitating the development of new therapies, Diag-Nose.io aims to support healthcare providers in delivering effective and timely care to patients with respiratory issues.

Quantum Brilliance

Series A in 2025
Quantum Brilliance specializes in the development of room-temperature quantum computers utilizing synthetic diamond technology. This innovative approach allows the creation of miniaturized and energy-efficient quantum systems that can be seamlessly integrated into everyday computing applications. By eliminating the need for cryogenics and complex infrastructure typical of other quantum technologies, Quantum Brilliance's solutions enable clients to harness the potential of quantum computing for a wide range of disruptive applications. The company's focus on room-temperature quantum accelerators positions it as a leader in making quantum computing more accessible and practical for various industries.

Quantum Brilliance

Series A in 2024
Quantum Brilliance specializes in the development of room-temperature quantum computers utilizing synthetic diamond technology. This innovative approach allows the creation of miniaturized and energy-efficient quantum systems that can be seamlessly integrated into everyday computing applications. By eliminating the need for cryogenics and complex infrastructure typical of other quantum technologies, Quantum Brilliance's solutions enable clients to harness the potential of quantum computing for a wide range of disruptive applications. The company's focus on room-temperature quantum accelerators positions it as a leader in making quantum computing more accessible and practical for various industries.

Umps

Series A in 2024
Umps is a company focused on enhancing home care through its innovative technology. Its proprietary platform, Umps Link, collects real-time clinical and behavioral data using non-intrusive sensors placed within the home. By analyzing this data with artificial intelligence, Umps generates insights into potential declines in health and wellbeing, which are then communicated to human monitors who can intervene proactively. The platform serves as a Personal Health Companion for users, promoting independence and wellbeing in their home environment. Additionally, Umps offers an enterprise software solution for health and aged care providers, enabling them to deliver high-quality care efficiently. The company's technology also includes devices that monitor usage patterns of everyday appliances, providing alerts for unusual behaviors to ensure the safety of users.

Conflux Technology

Series B in 2024
Conflux Technology focuses on advanced heat exchanger solutions utilizing metal additive manufacturing, commonly known as 3D printing. The company specializes in developing end-to-end additive manufacturing technology aimed at optimizing heat exchange and fluid flow applications. By leveraging this innovative approach, Conflux Technology helps clients reduce inventory, enhance efficiency, and simplify manufacturing processes. Their services encompass a comprehensive management strategy, including benchmarking existing installations, design, simulation, optimization, and production testing. This holistic approach enables clients to achieve high-quality outcomes in their projects.

Viridian Renewable Technology

Venture Round in 2024
Viridian Renewable Technology is an Australian company focused on sustainability and food security. It operates a protein manufacturing plant that utilizes innovative methods to recycle food by-products into valuable insect-based products. This process involves a team of engineers, scientists, professors, and farmers who collaborate to create scalable solutions. The company produces insect-based protein, oil, and organic fertilizer, addressing the growing demands of food production while contributing to a more sustainable food system.

Number 8 bio

Seed Round in 2024
Number 8 Bio focuses on decarbonizing agriculture to address the challenges of feeding the growing global population. The company harnesses the capabilities of carbon-hungry bacteria that consume harmful greenhouse gases, transforming them into profitable animal feed. By employing precision fermentation and synthetic biology, Number 8 Bio develops microbial proteins that serve as livestock feed, significantly reducing methane emissions from animal digestion. This innovative approach enables clients in the livestock sector to minimize their environmental impact while contributing to sustainable agricultural practices.

JigSpace

Venture Round in 2024
JigSpace Inc. is a technology company based in San Mateo, California, founded in 2015. It has developed a platform that facilitates the creation and sharing of interactive three-dimensional instructions, known as "Jigs." Users can explore complex ideas and products through augmented reality, viewing step-by-step 3D breakdowns that enhance learning experiences. The Jig Workshop feature allows anyone to create and share their own Jigs, similar to tools like Canva or PowerPoint, making it accessible for both technical and non-technical users. The platform is utilized in various sectors, including product marketing, education, and technical support, with notable adoption by companies such as Medtronic and Hino Trucks. JigSpace aims to democratize knowledge sharing, enabling users to develop and demonstrate 3D products collaboratively, enhancing engagement and understanding across diverse audiences.

Liquid Instruments

Venture Round in 2024
Liquid Instruments specializes in developing advanced test and measurement devices tailored for the manufacturing, defense, and education sectors. The company's flagship product, Moku:Lab, is an all-in-one device that integrates high-speed analog inputs and outputs with the signal processing capabilities of an FPGA. This innovative platform allows for software configuration, providing users with the flexibility needed to enhance their workflow and productivity. By addressing the diverse requirements of its clients, Liquid Instruments aims to improve precision in testing and measurement while facilitating advanced digital signal processing across various applications.

Neo-Bionica

Seed Round in 2024
Neo-Bionica enables clients including businesses, researchers, and clinicians to turn their ideas into medical technologies that improve people’s lives. They specialize in the product realization of bioelectronic medical devices for use in targeted therapies and diagnostics.

World View

Series D in 2024
World View is a pioneering company in stratospheric exploration and flight, focusing on advanced research, discovery, and human spaceflight. With over 115 successful flights, it has developed patented technologies for innovative takeoff, landing systems, and trajectory control in the stratosphere. The company's offerings include Stratollites, which provide persistent imaging and data collection over specific areas for extended periods, serving as an affordable alternative to satellites and drones. World View's expertise has garnered the trust of NASA and various governmental and scientific organizations, enabling it to deliver high-resolution data and analytics for diverse applications. Additionally, the company is expanding into space tourism, aiming to make edge-of-space travel accessible to the public. Through these initiatives, World View aspires to inspire and explore new perspectives for a better future.

RayGen

Series D in 2024
RayGen is an Australian technology company specializing in advanced solar power and electricity storage solutions. It offers a Solar Power Plant that provides renewable energy on demand, featuring a cost-effective, long-duration solar plus storage system. This utility-scale installation enables time-shifting energy storage and synchronous generation of high-quality power, adaptable to various grid locations. The core technologies include RayGen's proprietary PV Ultra for solar cogeneration and Thermal Hydro for electro-thermal storage. With a team of 30 professionals in engineering, manufacturing, operations, and sales, RayGen has successfully developed and sold 1MWAC PV Ultra projects supported by power purchase agreements. The company manufactures its high-efficiency solar modules at a 25MWAC facility in Melbourne and has received backing from the Australian Renewable Energy Agency and the Victorian Government’s New Energy Jobs Fund.

Bygen

Series A in 2024
Bygen is focused on rehabilitating polluted soil, water, and air through the production of sustainable activated carbon derived from common agricultural and forestry wastes. The company employs a low-temperature activation method that lowers production costs and minimizes the use of water and fossil fuels, resulting in a carbon-negative product. Bygen's activated carbon is utilized across various industries, including water treatment, soil remediation, gold recovery, and gas scrubbing, offering excellent filtering capabilities.

Jupiter Ionics

Series A in 2024
Jupiter Ionics is a team of passionate scientists and engineers developing advanced electrochemical & carbon neutral Green Ammonia technologies.

Amber Electric

Series C in 2024
Amber Electric Pty Ltd, founded in 2017 and based in Melbourne, Australia, provides electricity at wholesale prices through an innovative online platform. By utilizing real-time wholesale pricing, Amber enables customers to access renewable energy when it is most affordable, promoting savings and increasing the integration of renewable resources into the energy grid. The company aims to empower customers to actively participate in the electricity market, transforming their role from passive consumers to engaged stakeholders. Amber Electric is committed to facilitating a more sustainable energy future by enhancing the economics and dynamics of the energy system.

Aravax

Series B in 2024
Aravax is an early-stage biotechnology company based in Melbourne, Australia, dedicated to developing a safe and effective treatment for peanut allergies. Founded in May 2015 through the acquisition of intellectual property from Alfred Health and Monash University, Aravax employs proprietary technology aimed at resetting the immune system to tolerate peanuts without triggering allergic reactions. The company's innovative approach seeks to eliminate the risk of life-threatening responses to peanuts, allowing patients to undergo treatment and potentially overcome mild symptoms such as itchiness, rash, and gastrointestinal upset.

Cyban

Series A in 2023
Cyban is a medical equipment manufacturing company that specializes in developing devices to monitor brain oxygen levels. Its flagship product, a brain pulse oximeter, measures oxygen levels from the point of trauma through to hospital discharge. This device is designed for ease of use and provides clinically relevant information to guide medical interventions. Additionally, it can connect with central patient monitoring systems, allowing clinicians to detect issues early and improve patient outcomes.

Eden Brew

Series A in 2023
Eden Brew is a food and beverage company that provides a range of animal-free and precision-fermented milk and dairy products.

Atmo Biosciences

Venture Round in 2023
Atmo Biosciences is a clinical stage digital health company focused on enhancing gut health and microbiome function through innovative technology. By utilizing a groundbreaking ingestible gas-sensing capsule, Atmo provides real-time insights into gastrointestinal health. The capsule continuously detects clinically relevant gaseous biomarkers as it travels through the gut, transmitting data wirelessly to a cloud platform for aggregation and analysis. This approach addresses the critical need for effective monitoring of microbiome function, allowing for improved diagnosis and personalized management of gastrointestinal disorders. Through this technology, Atmo aims to facilitate tailored therapeutic strategies, ultimately leading to better patient outcomes and enhanced gut wellness.

Zena Sport

Pre Seed Round in 2023
Zena Sport specializes in manufacturing advanced protective gear for female athletes, focusing on breast and rib impact protection vests. The company's products are designed to enhance safety and assist in injury prevention and recovery for female players, particularly in sports like Australian Rules Football, where it serves as the official protective gear for the AFLW and AFL. Utilizing patented polyurethane foam technology, Zena Sport's vests feature a multi-axis design that allows for flexibility and natural body contouring, ensuring lightweight comfort with minimal interference during play. In addition to vests, the company also offers silicone headbands and other related products, all aimed at improving the safety and performance of female athletes.

NAVi Medical Technologies

Venture Round in 2023
NAVi Medical Technologies is a medical device development company founded in 2017 and based in Melbourne, Australia. The company specializes in creating an ECG tip location system that detects heart conditions by providing real-time visual information about the catheter's position within a patient. This system analyzes ECG signals from the body, which helps clinical staff and doctors minimize patient X-ray exposure while facilitating quicker drug delivery and improving patient outcomes.

Smart Paddock

Seed Round in 2023
Smart Paddock is an Australian company focused on enhancing the livestock industry through innovative technology. It has developed a smart ear tag, known as the Bluebell tag, which attaches to the ear of livestock and collects real-time data on health, behavior, and location. This device employs IoT technology to monitor vital indicators such as temperature and mobility, providing farmers with critical insights through a web dashboard or mobile application. By analyzing the data collected, Smart Paddock enables producers to improve animal health and well-being, manage pedigree effectively, and optimize pasture land utilization. This approach aims to modernize farming practices and increase production efficiency in the livestock sector.

Centre For Eye Research Australia

Venture Round in 2023
The Centre for Eye Research Australia (CERA) is an independent medical research institute and not-for-profit organization dedicated to preventing vision loss and restoring sight. It conducts clinical trials and collaborates with various entities to advance the understanding of eye health. CERA employs innovative technologies, including bioinformatics, artificial intelligence, genetics, and stem cell research, to enhance diagnostics and treatments. Its efforts aim to improve access to screening programs, promote early detection of eye diseases, and prevent disease progression. By focusing on research and development, CERA strives to provide patients with early access to new therapies that can prevent and potentially cure blindness.

Vericus

Venture Round in 2023
Vericus develops a teaching and learning software tool that assures authenticity in written assessment called Cadmus.

FLAIM Systems

Series A in 2023
FLAIM Systems develops leading multi-sensory immersive learning solutions for training in hazardous and emergency situations. They intersect technology and science to create real-world immersive learning solutions in safe virtual environments, for training in hazardous and emergency situations. Their extinguisher is the immersive learning solution for the fire and safety industry.

Quantum Brilliance

Seed Round in 2023
Quantum Brilliance specializes in the development of room-temperature quantum computers utilizing synthetic diamond technology. This innovative approach allows the creation of miniaturized and energy-efficient quantum systems that can be seamlessly integrated into everyday computing applications. By eliminating the need for cryogenics and complex infrastructure typical of other quantum technologies, Quantum Brilliance's solutions enable clients to harness the potential of quantum computing for a wide range of disruptive applications. The company's focus on room-temperature quantum accelerators positions it as a leader in making quantum computing more accessible and practical for various industries.

Smart Paddock

Venture Round in 2022
Smart Paddock is an Australian company focused on enhancing the livestock industry through innovative technology. It has developed a smart ear tag, known as the Bluebell tag, which attaches to the ear of livestock and collects real-time data on health, behavior, and location. This device employs IoT technology to monitor vital indicators such as temperature and mobility, providing farmers with critical insights through a web dashboard or mobile application. By analyzing the data collected, Smart Paddock enables producers to improve animal health and well-being, manage pedigree effectively, and optimize pasture land utilization. This approach aims to modernize farming practices and increase production efficiency in the livestock sector.

Infleqtion

Series B in 2022
Infleqtion specializes in quantum technology, providing high-value information processing and solutions that enhance global communication security and efficiency. The company, with offices in the United States, United Kingdom, and Australia, leverages over 17 years of foundational research from ColdQuanta to deliver software-configured, quantum-enabled products that operate at the Edge. These products focus on critical applications such as positioning, navigation, timing, and resilient energy distribution, while also facilitating accelerated quantum computing. Infleqtion serves a diverse clientele, including commercial organizations and government entities, helping them to harness the power of quantum technology for innovation and development.

Samsara Eco

Series A in 2022
Samsara Eco is an enviro-tech company focused on addressing plastic pollution through innovative recycling solutions. The company has developed a groundbreaking enzymatic technology that enables the infinite recycling of plastic waste. By utilizing specialized enzymes that decompose plastics into their fundamental components, Samsara Eco allows these materials to be reused repeatedly as high-quality inputs for new plastic products or converted into more valuable commodities. This process is effective regardless of the color and shape of the plastic, empowering manufacturers to create brand new items from recycled materials. Through its efforts, Samsara Eco aims to significantly reduce plastic waste and promote sustainability in the manufacturing sector.

Kite Magnetics

Seed Round in 2022
Kite Magnetics is a manufacturer of electric aviation motors. Their services include aviation, electric propulsion, electric motors, electric generators, magnetic materials, nanocrystalline, climate technology, electric aircraft, drones, aerospace, and materials science.

Seer

Venture Round in 2022
Seer is a medical technology company that specializes in the diagnosis and management of neurological conditions. Its technology consists of wearable devices, a cloud platform, and machine learning systems. The company is driven by a mission to empower people by delivering personalized deep clinical insights by utilizing the latest technology. Seer was founded in 2016 and is headquartered in Melbourne, Victoria.
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