Investments in young, Wisconsin-based companies by angel and venture capitalists and other equity investors totaled $248.4 million through June 30, topping the dollar total through the same six-month period in 2023 by more than $100 million, according to the Wisconsin Technology Council.
Preliminary data gathered by the Tech Council Investor Networks showed that a total of $248.4 million in angel and venture capital was invested in 36 companies, compared to $147.1 million in 25 deals in the first six months of 2023. The average deal size of $6.9 million is evidence that larger investments are still happening as Wisconsin companies grow. The six-month average one year ago was $5.88 million. The median deal size was $1.51 million compared to $2.33 million in early 2023, which indicates smaller deals were also an encouraging part of the mix.
The largest deals recorded reflected Wisconsin’s expertise in health care innovation. They included:
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Elephas Biosciences — $55 million;
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Fetch — $50 million;
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Leo Cancer Care — $40 million;
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Moxe Health — $25 million; and
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Sift Healthcare — $20 million.
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Overall, about 60% of the dollars raised ($149.2 million) were in health care. Another 32%, or roughly $80.4 million, was invested in information technology companies.
