In the second quarter of 2018, Wisconsin startups raised $101.8 million in venture capital, according to a new report from Pitchbook and the National Venture Capital Association.
According to the report, 22 venture capital deals took place in the second quarter of 2018, compared to the nine that happened in Q2 2017.
The report includes equity investments into U.S. startup companies from outside sources, excluding investments received as part of an accelerator program, unless that accelerator is investing in follow-on rounds.
Wisconsin ranked No. 18 behind Utah (23 deals) and ahead of Ohio (21 deals).
California led the country with 638 venture capital deals worth $15.6 billion.