The number of investments in Wisconsin startups has nearly doubled over the past five years, according to a new report from the Wisconsin Technology Council.

The Wisconsin Portfolio shows at least 137 Wisconsin early stage companies raised investment capital last year, up 7 percent year-over-year and nearly twice the number of deals as in 2011, when 76 companies received early stage funding. The state’s startups raised $276.2 million in 2016, up 31 percent from $209.5 million in 2015, but down from $346.2 million in 2014.

WTC tracked public reports, filings, surveys and its Tech Council Investor Networks to formulate the totals. The largest deals in 2016 were $21.5 million raised by Madison-based Propeller Health, $21.3 million garnered by Madison-based Midwestern BioAg, $15.2 million that went to New Richmond-based Engineered Propulsion Systems, $11.5 million raised by Janesville-based SHINE Medical Technologies and $11 million pulled in by Madison-based Eatstreet.

Baker, Arida, Schedler, Kaas, Walker, Trotter and Horne discuss their venture capital funds at the Wisconsin Entrepreneurs’ Conference in Madison.

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