In 2017, the total funding decreased and fewer Wisconsin startups raised investment capital, according to a report from the Wisconsin Technology Council.

“This may just be a temporary case of investor fatigue,” Wisconsin Technology Council President Tom Still said in a statement. “A lot of companies have secured a lot of capital. While many of them may be successful and growing, not many of them have had the successful exits Wisconsin needs to get new and existing investors excited and active.”

According to a release, at least 127 Wisconsin early-stage companies raised investment capital in 2017, a 71 percent increase from five years ago but an eight percent decrease from 2016. Those companies raised $231 million, which is down from $276 million in 2016.

Madison companies such as Fetch Rewards ($10.4 million) and Redox ($10 million) had some of the largest deals reported.