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.
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 is a manufacturer focused on developing bioelectric and neurotechnology devices aimed at enhancing targeted therapies and diagnostics. The company collaborates with businesses, researchers, and clinicians to transform innovative ideas into practical medical technologies. Their services encompass product definition, project management, system engineering, mechanical engineering, pre-clinical testing, and device implementation, facilitating the entire product realization process. Through these efforts, Neo-Bionica contributes to advancements in medical technology that aim to improve patient outcomes and overall quality of life.
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 specializes in the development of green ammonia technology aimed at achieving carbon-neutral ammonia production. The company's innovative approach utilizes an electrolytic cell that converts air, water, and solar energy into ammonia, making it compatible with renewable power sources. This modular, distributed, and scalable technology allows industrial units to access carbon-neutral green ammonia efficiently and feasibly. The team at Jupiter Ionics consists of dedicated scientists and engineers focused on advancing these electrochemical processes to contribute to sustainable ammonia production.
Amber Electric
Series C in 2024
Amber Electric Pty Ltd is an Australian company based in Melbourne, founded in 2017. It specializes in delivering electricity at wholesale prices, allowing customers to benefit from real-time pricing that reflects the availability of renewable energy. By encouraging users to consume electricity when it is cheapest, Amber enables significant savings while promoting the integration of renewable resources into the energy grid. The company also offers an online platform for bill payments and additional services, positioning itself as a facilitator for customers to actively engage with the changing dynamics of the electricity market.
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 specializes in producing animal-free dairy products through precision fermentation. The company focuses on creating environmentally sustainable alternatives to traditional cow's milk, offering products that are vegan-friendly and lactose-free. By utilizing advanced fermentation techniques, Eden Brew delivers milk and dairy products that contain nature-identical proteins and nutrients, catering to consumers seeking healthier and more sustainable options in the dairy market.
Smileyscope
Seed Round in 2023
Smileyscope Pty Ltd is a Melbourne-based company that specializes in developing virtual reality headsets aimed at alleviating the anxiety and fear that children experience during medical procedures, particularly when receiving injections. Founded in 2017, the company provides an immersive visual experience that distracts young patients, helping to keep them calm and still, which in turn enables clinicians to perform procedures more safely and effectively. By addressing the common pediatric challenge of needle-related distress, Smileyscope enhances the overall medical experience for children, minimizing their discomfort and anxiety during hospital visits.
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.
Tin Alley Ventures
Venture Round in 2023
Tin Alley Ventures is a venture capital investment firm based in Melbourne, Australia, founded in 2022. The firm focuses on investing in technology startups at various stages, including seed, early, and later stages. It collaborates closely with companies and researchers within the University of Melbourne's ecosystem, aiming to support and develop businesses that have the potential to create significant social and economic impact. Through its strategic partnerships and investment approach, Tin Alley Ventures seeks to foster innovation and drive growth in the technology 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 is a virtual reality platform focused on enhancing skills training for emergency services, particularly for firefighters. The company develops and produces a VR simulator that offers immersive learning experiences aimed at preparing personnel for hazardous and emergency situations. By providing realistic training environments, Flaim Systems enables firefighters to effectively prepare for high-stress scenarios they may encounter in the field. This innovative approach to training supports the development of critical skills necessary for effective emergency response.
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.
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.
Infleqtion
Series B in 2022
Infleqtion, with offices in the United States, United Kingdom, and Australia, specializes in delivering advanced quantum information solutions tailored to meet critical market needs. Building on 17 years of pioneering research from ColdQuanta, the company develops software-configured, quantum-enabled products that enhance precision and processing power for applications in positioning, navigation, timing, global communication security, and efficiency. Infleqtion's technology serves various sectors, including commercial enterprises and governmental organizations, by providing high-value information streams that facilitate innovation in quantum matter. Its offerings encompass hardware products and AI-powered solutions aimed at advancing resilience in energy distribution and accelerating developments in quantum computing.
Kite Magnetics
Seed Round in 2022
Kite Magnetics is a manufacturer specializing in electric aviation motors and technology aimed at promoting emissions-free flight. The company focuses on the development of advanced electric propulsion systems, utilizing innovative nanocrystalline magnetic materials combined with cutting-edge manufacturing techniques. By producing high-performance electric motors and generators, Kite Magnetics enhances the efficiency and reliability of electric aircraft, enabling them to achieve greater ranges and higher payload capacities. Their offerings also encompass a range of applications in aerospace, including drones and climate technology, contributing to the advancement of sustainable aviation solutions.
Seer
Venture Round in 2022
Seer is a medical technology company based in Melbourne, Victoria, focused on the diagnosis and management of neurological conditions, particularly epilepsy. Founded in 2016, Seer develops wearable devices integrated with cloud computing technology that enables hospital-standard monitoring and diagnosis in a home setting. The application not only tracks epilepsy but also monitors cardiac diseases and sleep patterns, capturing medical events through a mobile device. By utilizing machine learning systems, Seer provides patients with personalized insights, predictions, and alerts, helping them understand long-term illness patterns and enhancing their overall healthcare experience.
Kite Magnetics
Kite Magnetics is a manufacturer specializing in electric aviation motors and technology aimed at promoting emissions-free flight. The company focuses on the development of advanced electric propulsion systems, utilizing innovative nanocrystalline magnetic materials combined with cutting-edge manufacturing techniques. By producing high-performance electric motors and generators, Kite Magnetics enhances the efficiency and reliability of electric aircraft, enabling them to achieve greater ranges and higher payload capacities. Their offerings also encompass a range of applications in aerospace, including drones and climate technology, contributing to the advancement of sustainable aviation solutions.
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