The PwC/CB Insights MoneyTree™ Report for the fourth quarter of 2016 shows the Midwest stayed steady with total funding increasing by 1 percent over last quarter, and number of deals increasing by 4 percent.
Wisconsin contributed to this growth through six deals amounting to $69.2 million –more than the first three quarters of 2016 combined.
The majority of state investment comes from the Internet and mobile/telecommunications sectors outlined in the report, with health care and agriculture sectors together contributing slightly less.
But for the United States in general, deals continue to drop, hitting a 5-year low for the fourth quarter. The number of investments is down 14 percent, and total funding for the quarter is down 17 percent. For all of 2016, $58.6 billion was invested, 20 percent less than in 2015.
Nationwide, the top five sectors for 2016 are tech-related: Internet, mobile/telecommunication, health care, software (non-Internet and mobile) and computer hardware/service. Read the full story here.