That compares to the $138.5 million invested in 2014, according to a new WEDC report. In 2014, the state saw 88 deals total, which increased to 120 last year.
WEDC used data from the company funding platform Pitchbook in compiling the Deal Flow Snapshot report. The report shows venture capital investments grew to $174.6 million in 2015, an increase of more than $100 million from the year before.
Accelerators made 28 deals last year and invested $940,000. That’s up from 10 deals in 2014 and $480,000 in funding.
SHINE Medical Technologies, which raised $125 million in 2014, isn’t part of the analysis because of its unusually large deal size.
But Aaron Hagar, WEDC’s vice president of entrepreneurship and innovation, said the numbers show early-stage companies are seeing success as they mature and bring in larger dollar amounts. That success is happening in industries ranging from IT solutions for businesses and consumers to the life sciences industry.
“I think it’s definitely a positive sign and hopefully a sign of things continuing to trend in this direction,” Hagar said.
The three companies that raised the most money last year were NewWave Technologies at $25 million, EatStreet at $15 million and FluGen Inc. at $12 million.