In 2020, early-stage companies in Wisconsin raised more than $483 million, which topped the 2019 record of $454.4 million, according to a report by the Wisconsin Technology Council.

“Other states are doing more to support their early-stage economies through policy initiatives such as ‘fund of funds’ that lever public and private investment,” Wisconsin Technology Council President Tom Still said in a statement. “It’s great to see major deals because it signals more companies are moving beyond the startup stage.”

According to a release, the $483.7 million was derived from 121 total deals, with the largest coming from Fetch Rewards, SHINE Medical Technologies, NorthStar Medical Radioisotopes and Sunvest, which together accounted for nearly $280 million of the state total.

Similar to 2019, there was substantial growth in median ($1 million) and average round sizes ($4.2 million).

Click here to read the entire report.