The Wisconsin Technology Council (WTC) released The Wisconsin Portfolio, its annual report on the status of early-stage startup investing in 2023. The organization, which has been compiling this data since 2008, provided highlights of the report at its monthly luncheon held in Madison on July 23.
President Tom Still, along with Joe Kremer, director of the Tech Council Investor Networks, a program of the WTC, presented data regarding the 107 documented Wisconsin deals worth at least $490 million made in 2023.
The report reveals that Wisconsin’s 2023 investment data mirrors national trends. Kremer noted that he views the post-2022 dip in funding as a market correction rather than a downward trend.
Startups headquartered in the Madison and Milwaukee metro areas attracted most of the state’s investment dollars. Still predicted that broadband expansion will spur innovation in new regions.
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