Last year’s lower total for early-stage investment isn’t a surprise as the state returns to a more typical level of venture capital activity, Wisconsin investors say.
The Wisconsin Technology Council reports early-stage businesses in the state last year raised about $490 million through 107 deals, well below the two previous years.
In 2021 — recognized as a standout year for investment — the state had a total of $869 million raised across 140 deals. By 2022, that had fallen to $640 million and 107 deals. While last year’s number of deals was unchanged over the year, total investment was about $150 million lower.
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