Last year was a milestone in the U.S. for venture capital (VC) funds, which topped $100 billion for the first time ever. That’s according to the National Venture Capital Association’s latest report on VC activity across the country in 2021.

On the heels of several years of strong VC fundraising, assets under management (AUM) for the U.S. VC industry reached $995 billion at the end of 2021.

Wisconsin angel and venture capital firms also saw a sizable jump in their amount of assets under management in 2021. The state had $2.15 billion in AUM in 2021, a jump from $1.27 billion in 2020.

Tom Still, president of the Wisconsin Technology Council, said the organization also puts out a yearly VC activity report and that they are deep into their research for 2021.