Early-stage companies in Wisconsin raised $852.4 million from angel and venture capitalists in 2021, smashing a record and continuing an upward trend.

That was the top-line finding of an annual study done by the Wisconsin Technology Council and detailed last week at an event at the University of Wisconsin-Milwaukee’s Innovation Accelerator in Wauwatosa.

The numbers show that the work done to grow entrepreneurship in Wisconsin is taking a firm hold, said Joe Kremer, director of the Tech Council’s Investor Networks. But he emphasized that more work remains.

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