Biotechnology and health care are driving the startup industry in Wisconsin and the rest of the country, a new report shows.
Eight Wisconsin venture capital investments, totaling $28.7 million, were included in the PwC MoneyTree™ Report based on data from Thomsen Reuters for the third quarter of this year. Tom Ciccolella, assurance partner for PwC, describes the period as a “fairly robust quarter.”
Of the eight companies that were invested in, four were biotechnology or medical equipment companies, which fall under the Life Sciences sector in the MoneyTree Report. The two companies that were categorized as software companies are also both described as healthcare technology companies.
This trend towards life sciences is reflected nationwide, as investments in that sector make up 23 percent of all venture capital funds invested in startups. Read the full story here.