NSW dethroned as top VC state


Joseph Brookes
Senior Reporter

Funding for Victorian startups almost tripled to $2.2 billion last year on the back of AirWallex’s $730 million in later stage raises, rocketing the state past NSW for the largest share of venture capital raised in Australia for the first time.

But just one per cent of the capital went to all women founded startups — Victoria’s lowest mark in over five years.

The total $2.2 billion funding came from …

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