Sarah Hauer reported last week at the Milwaukee Journal Sentinel Online that, “Milwaukee-area companies raised more than $25 million in venture capital last year, down from a spike in 2016, according to data released from the PitchBook-NVCA Venture Monitor.
“The $25 million was raised by 16 companies and 10 investors. In 2016, $44.57 million was raised by 15 companies. The biggest deal of that year — $26.36 million raised by Promentis Pharmaceuticals — drove the total. The next largest was $3.45 million raised by Patina Solutions.
“The 2017 total puts Milwaukee well behind the Minneapolis-St. Paul area’s $487 million in 78 deals. Chicagoland raised more than $1.83 billion in venture capital.”
The article added that, “Nationally, $84 billion was invested by the venture capital industry into 8,035 deals, according to the PitchBook-NVCA Venture Monitor. That’s the highest amount of capital invested into the entrepreneurial ecosystem since the early 2000s. While more capital was raised, the number of deals decreased, so each deal was worth more money.”
