The data was presented in “Wisconsin Investments: On the Rise,” a report conducted by the Wisconsin Technology Council and Tech Council Investor Network.
While the Madison area leads the state in raising early-stage investing dollars, TitletownTech’s presence in the New North is leading to more local deals. A partnership between the Green Bay Packers and Microsoft — along with other investors — TitletownTech’s venture fund made three investments in startups during 2019:
- $1 million to Boost Energy
- $500,000 to Strive Orthopedics
- $100,000 to Innov8 Languages
Also in Northeast Wisconsin, the Winnebago Seed Fund in Neenah joined with the BrightStar Wisconsin Foundation to invest $700,000 in Abre Technology.
Some other trends from the report include:
- A larger share of companies — 41.5 percent — raised funding for the first time than in the past three years
- Equity funding — 57.7 percent — was the No. 1 way early-stage businesses funded their endeavors. Debt funding finished second at 17.1 percent, and 6.5 percent of companies used a combination of the two.
- More women-owned or women-led businesses raised funding this year — 22 percent of the total.