Wisconsin startups raised over $640 million in angel and venture capital funding in 2022, 26% lower than the prior year’s record-breaking total, but still the second-highest level of investment on record.

According to the Wisconsin Technology Council’s Wisconsin Portfolio, venture capital funding dropped from $868.8 million in 2021.

The Wisconsin Technology Council and its investor arm, the Tech Council Investor Networks, are responsible for compiling research on early stage investment data into the yearly Wisconsin Portfolio report. Data are collected via public reports, databases, press releases, company websites, investor surveys and direct clarification from investors.

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