Wisconsin companies executed 21 venture capital deals in the first quarter of the year, raising a little more than $108 million, according to the latest PitchBook Venture Monitor report. The totals represent a sharp drop from the first quarter of 2022, when total investment reached $297 million across 28 deals. Wisconsin’s performance was stronger than
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Wisconsin venture capital activity 2018 to 2023[/caption]
Since the third quarter of 2022, Wisconsin has averaged $77 million raised with either 20 or 21 deals per quarter.
There have been similar trends across the Great Lakes region and nationally.
The Great Lakes region averaged 341 deals and $4.3 billion per quarter from late 2020 to mid-2022, figures that dropped to 294 and $2.3 billion over the past three quarters.
Nationally, venture capital activity went from 4,570 deals and $78.7 billion on average per quarter from the end of 2020 through June last year to 3,429 deals and $41.5 million. raised per quarter of for the past three quarters.