Venture capital investment deals in the U.S. held steady during the recent third quarter, with $37.8 billion dollars in deals going to companies across the U.S., according to PitchBook, a Seattle firm that tracks venture and private equity investment deals.

Deal volume was also solid, with 2,990 completed deals per PitchBook’s new deal estimation methodology.

“Despite continued uncertainty throughout the year, the rebound in public markets has given investors confidence,” said John Gabbert, founder and CEO of PitchBook, in a statement. “(Limited partners) are recommitting with proven (general partners) raising successor VC funds. As investors seek growth opportunities in a low-rate environment, the growth potential of the venture strategy continues to entice both traditional LPs and nontraditional investors. Additionally, we saw the return of large IPOs during the third quarter and expect more in the coming months as VC-backed companies look to capitalize while the IPO window remains open.”

Of that total deal flow in the quarter, very little saw its way to Wisconsin, where a total of seven investments were made for a combined $17.29 million, according to PitchBook. Comparatively, there were 30 deals for Minnesota companies that quarter totaling $668 million, and 64 deals for Illinois companies totaling $703 million.

PitchBook did not include in Wisconsin’s deal count SHINE Medical Technologies of Janesville announcing it raised $80 million in a Series C round in September, which would have put Wisconsin close to $100 million for the quarter.

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