Top Startups That Raised the Most in Wisconsin VC Slowdown

Venture Capital Activity Slows in Wisconsin as Startups Raise Less Funding

Venture capital activity in Wisconsin experienced a slowdown in 2023, following national trends. According to the latest quarterly report from PitchBook Data Inc. and the National Venture Capital Association, Wisconsin startups raised $261.4 million across 93 deals, a significant decrease from the previous year. In 2022, startups in the state raised $587.63 million across 109 deals, which have been adjusted from previously reported figures. This decline in funding marks a departure from the peak of 2021, when Wisconsin companies raised $599.68 million across 113 deals.