2021 is shaping up to be a big year in venture capital for Wisconsin companies.

Although the state still lags behind its Midwest neighbors in the amount of venture capital dollars that local companies raise, 2021 could be a record year.

As of the third quarter of this year, Wisconsin startups had raised $436 million in venture capital across 62 deals, according to data from PitchBook and the National Venture Capital Association. By comparison, Wisconsin companies raised a total of $284.5 million in 2020 and $222.6 million in 2019, the data shows.

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