Australia · Commercialisation
How much capital Australian venture partnerships commit and deploy
Australia’s registered venture programmes reported A$2.331 billion of deals in 2024-25. The annual report distinguishes those investments from longer-term capital commitments and shows different median sizes for early-stage and broader venture partnerships.
Sources checked
The earlier reference year differs by partnership type, as shown beside each bar.
The two programmes have different investment mandates
Early Stage Venture Capital Limited Partnerships focus on pre-seed, seed, startup and early expansion companies. The broader Venture Capital Limited Partnership programme does not apply the same early-stage test. Fund sizes can reflect the mix of business stages that each partnership targets. Source 2 Source 3
The medians use different historical reference points
The 2024-25 report puts the early-stage median at A$25 million, compared with A$10 million in 2015-16. The broader programme reached A$90 million, compared with A$59 million in 2021-22. The two changes cover different lengths of time. Source 1
Commitments describe a promise to make capital available
The report lists more than A$35.09 billion of commitments over the programmes’ lives. A partnership agreement can require partners to provide their committed capital when called. That stock of promises is distinct from A$2.331 billion of deal value during one financial year. Source 1 Source 3
Registered programmes cover part of the market
The report lists 296 registered limited partnerships at the end of 2024-25 across the two programmes and the Australian Venture Capital Fund of Funds category. Its A$3.76 billion and A$16.18 billion investment figures cover the lives of the two programmes. They do not estimate private capital deployed outside these registration arrangements. Source 1