Wisconsin venture capital funding up 90% in 2018

28 May 2019

But capital invested in Milwaukee area falls

Wisconsin startup investors were very active in 2018, driving a 90 percent increase in venture capital funding from 2017, according to a new report from Pitchbook and the National Venture Capital Association.

The fourth quarter venture monitor shows Wisconsin saw a total of $254.3 million in venture capital investment in 2018, up 90.2 percent from $133.7 million in the fourth quarter of 2017. The funding was split among 78 deals, up from 68 deals in 2017.

But the Milwaukee area may not have contributed to the increase. The Milwaukee-Waukesha-West Allis Metropolitan Statistical Area saw 27 venture capital deals totaling $33.2 million in 2018. The deal count increased from 20 in 2017, but the capital invested fell from $51.6 million in 2017, according to additional Pitchbook data obtained by BizTimes. No other Wisconsin metro areas were included in Pitchbook’s funding reports.

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