According to data compiled by PitchBook and the National Venture Capital Association, two groups that monitor investment trends, startups based in the Milwaukee area collectively raised about $44.6 million in 2016. That was up from 2015, when PitchBook and NVCA data show the region’s funding total was about $28.1 million.
Many members of the Milwaukee area’s early-stage business community would likely be heartened upon learning of this 59 percent year-over-year increase. However, the estimate of the region’s 2016 funding total from PitchBook and NVCA is a fraction of the $111 million-plus figure that first appeared on the website Startland, and has since been bandied about by national and local news publications. Read the full story here.