LaunchVic Startup Funds

LaunchVic runs two targeted investment funds focusing on underserviced areas in the startup ecosystem.

Both funds operate in a sidecar structure. That means LaunchVic co-invests in startups with private investors like VCs and angels, and does not lead the round. This approach provides essential seed funding and supports early-stage ventures.

Alice Anderson Fund

Between 2018-2021 only 4% of Australian VC funding went to women-founded startups. LaunchVic is working to change things with the $10 million Alice Anderson Fund, a sidecar fund that co-invests in women-led startups with private sector investors.

Hugh Victor McKay Fund

The Hugh Victor McKay Fund is a sidecar fund for Victorian AgTech startups run by LaunchVic with funding from Agriculture Victoria. The fund will co-invest between $100,000-$200,000 into at least ten early-stage AgTech startups over the next 12 months.

LaunchVic Funded Angel Investor Groups

An angel investment network is a formalised group of angel investors that collectively evaluate and invest in entrepreneurial ventures.

LaunchVic has funded ten angel networks to establish in Victoria and invest in startups, enhancing the availability of seed funding and venture capital for local entrepreneurs.

LaunchVic Funded VC Funds

VC Firms are investment entities set up to hold funds collected from other investors and invest on their behalf into startups or early-stage businesses with high growth potential. These investors can be institutions (superfunds, corporations) or high net worth individuals.

LaunchVic has funded eight new Venture Capital (VC) funds to set up in the state. The new VC funds will collectively target to raise over $300 million in capital for Victorian startups, significantly boosting funding for startups and supporting the broader startup ecosystem.

Led by Dr Amandeep Hansra and Dr Bi Mian, will focus on investing in early-stage healthcare startups from pre-seed to Series A.

Led by Nicole Kleid-Small and Amanda Goodman, will launch a fund focusing on investing in early-stage climate tech startups via both equity and debt.

Will focus on investing in early-stage transformative startups in the consumer products and associated technology ecosystem.

Led by Rachael Neumann and Kylie Frazer, has established a novel VC fund structure that will use Special Purpose Vehicles (SPVs) to hold multiple startup investments across different stages and sectors.

Will invest in high potential Australian agrifood technology ventures across Seed to Series A.

Will create and invest into deep-tech pre-seed to early-stage companies within the future of food, health and the environment in Victoria.

Led by Kerri Lee Sinclair and Nicole Cook, will focus on investing in women-led startups.

A spin out of the MedTech Actuator, will focus on investing in early-stage, deeptech medical, health and wellbeing-related ventures, from pre-seed to series A+.

Investor Education

VC Catalyst

Delivered by the Wade Institute of Entrepreneurship at the University of Melbourne, the immersive VC Catalyst course focuses on providing the next wave of venture investors with the knowledge, skills, confidence and networks to invest in early-stage startups.

With LaunchVic’s funding the program has supported more than 60 investors to unlock a collective $72.64 million in startup investment since 2019.

Other Ways Victorian Startups Can Access Seed Funding & Venture Capital

Accelerator Programs: LaunchVic funds a variety of startup entrepreneurship programs, or accelerators, for startups seeking funding. These programs teach startups how to access seed funding and connect them with investors in their network.

Investor Research and Data: Find investors for your startup with the Victorian startup database, powered by Dealroom.co, a free dedicated source of real-time data on the Victorian startup ecosystem.

Our startup database promotes Victorian startups to local and international investors and provides investors with an easy-to-use platform to find Victorian startups.

Discover and track Victorian startups, angel groups, venture capital firms, accelerators, and more.

Have a question? Contact our team.

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