Venture capital activity slowed nationwide in 2022 after years of frenzied investments and soaring company valuations, according to a Jan. 12 report from PitchBook and the National Venture Capital Association.
While that trend also impacted Wisconsin's venture capital industry, the state still had a relatively strong year when it came to attracting venture capital investments into Wisconsin companies.
Wisconsin firms raised $584 million across 92 deals in 2022, compared with $592 million across 105 deals in 2021, which was a record year, according to the PitchBook-NVCA data.
Venture capital deals among early-stage companies showed "remarkable resiliency" in 2022 even as the broader industry experienced a slowdown, PitchBook founder and CEO John Gabbert said in a statement.
The PitchBook-NVCA Venture Monitor is a quarterly report produced by PitchBook and the National Venture Capital Association with support from Insperity, J.P. Morgan and Dentons.
Venture capital invested in Wisconsin
- 2022: $584 million
- 2021: $592 million
- 2020: $331 million
- 2019: $242 million
- 2018: $496.79 million
Source: PitchBook-NVCA Venture Monitor
