Wisconsin last year had its lowest levels of venture capital activity since 2018, with less than $360 million in deals captured in an initial tally by the Wisconsin Technology Council.
Joe Kremer, director of the Tech Council’s Investor Networks, yesterday presented an early look at last year’s investment landscape during a luncheon in Madison. While the group will be adding additional deals in the next few months to its tally for the year, Kremer said he doesn’t expect the overall dollar figure to increase very much.
At latest count, the Tech Council identified 66 deals that occurred in 2024 totaling about $358 million. That’s down substantially from the recent peak of $869 million in the standout year of 2021, when the state had 140 deals, but also continues the trend of declining investment activity that’s been seen since then.
In 2022, Wisconsin saw about $640 million raised through 107 deals, which then fell to $490 million in 2023 though the number of deals was unchanged over the year.
Read the full story here: https://www.wisbusiness.com/2025/early-stage-investment-activity-was-down-in-2024-tech-council-says/