The Queensland Venture Capital Report – FY 2025 offers a comprehensive analysis of the state’s startup funding activity, capturing capital flows, deal trends, sector performance, and diversity metrics across the financial year. With $417 million raised across 109 disclosed transactions, the report marks Queensland’s strongest investment year since FY2022, accompanied by a record number of venture and accelerator deals.
This report provides stakeholders with detailed benchmarks and signals into Queensland’s rapidly evolving innovation ecosystem.
Key Insights
Queensland Investment Snapshot
$417 million in total funding announced or disclosed.
109 total deals, comprising:
-76 venture capital and angel investments
-33 accelerator rounds
Capital deployed rose 37% YoY, rebounding sharply from FY2024.
Deal count hit a new all-time high, driven by early-stage momentum.
Sector Performance and Capital Allocation
Top-Funded Sectors
Enterprise / Business Software – $82M
Climate Tech / CleanTech – $78M
HealthTech – $56M
Biotech / MedTech – $43M
MarTech, Marketplaces, AI also received substantial capital injections.
Emerging Sector Dynamics
AI deal volume surged, though cheque sizes remain early-stage.
Climate Tech led in number of top-10 deals, signaling sustained investor interest.
Fintech and Transport/Logistics saw reduced activity compared to national trends.
Deal Size and Stage Trends
Largest gains occurred in deals under $5M, reflecting an expanded early-stage investor base.
Median deal sizes (compared to national levels):
Pre-Seed: rose to ~$900k (below national median)
Seed: ~$3.2M (above national)
Series A: ~$7.2M (above national)
Series B+: ~$32M (slightly below national)
Barbell distribution observed: a few breakout rounds contrasted by lean seed tranches.
Gender Equity and Participation
Queensland led the nation in capital share to women-led and mixed-gender teams.
22% of capital went to companies with at least one woman founder (vs 6% FY2024).
5% of capital went to all-women teams—higher than the national average.
Participation improved across almost all stages: Pre-Seed, Series A, and later.
Notable Investment Rounds
EatClub – $18M Series A (Marketplace)
EcoJoule Energy – $15M (Climate Tech)
FairSupply – $12M Series A (Climate Tech)
WearOptimo – $8M Series B (Biotech)
Zeligate – $6M Seed (AI)
Attekus – $5M Seed (Enterprise Software)
These deals reflect a maturing ecosystem with depth across both frontier and enterprise technologies.
Founder Sentiment and Ecosystem Signals
Founders increasingly focus on investment readiness, due diligence, and capital strategy.
Strong institutional support through QIC’s Venture Capital Development Fund (VCDF) continues to attract new funds and founders.
Founders cite quality of life, talent access, and collaborative culture as key advantages of building in Queensland.
The Role of Government and Strategic Anchors
Strategic partnerships such as PsiQuantum’s APAC HQ in Brisbane and Advance Queensland grants are catalyzing growth.
Regional hubs beyond Brisbane, such as the Gold Coast and Sunshine Coast, are gaining prominence.
Queensland's innovation narrative is bolstered by deep tech, life sciences, and sustainability-driven ventures.
Conclusion: Queensland's Innovation Economy Enters Its Growth Phase
FY 2025 stands out as a pivotal year in Queensland’s venture capital journey. With a growing pool of capital, a record number of deals, and increasing representation of diverse founders, the state is positioning itself as a national leader in early-stage innovation. This momentum signals long-term sustainability and opportunity for founders, investors, and ecosystem enablers alike.
