2016 a good year for WI tech investment
The Wisconsin Technology Council announced a significant increase in angel and venture investment activity for the 2016 calendar year.
At least 136 of the state’s early-stage companies raised investment capital last year, a 6% increase over 2015, according to a release, nearly doubling the 74 deals recorded in 2015. About $276.2 million was raised, up from $209 million the year before. Fifty-three deals involved investments of $1 million or more, and the average deal size increased to $2 million.
Propeller Health scored the largest deal in 2016 ($21.5 million), followed by Midwestern BioAg ($21.3 million), Engineered Propulsion Systems ($15.2 million), SHINE Medical Technologies ($11.5 million), and EatStreet ($11 million).
About 17% of the state’s early-stage companies receiving funding are women-led or women-owned, which exceeds the U.S. average.