23 Jul Wisconsin's Q2 venture capital small share of $7.4 billion nationally
U.S. venture investments held steady in the second quarter at $7.4 billion invested 990 deals, the MoneyTree report has shown. But Wisconsin’s share of $33 million in three deals puts it well below average.
Individual quarters are not an effective long-term way to judge venture investments, because they consist of small numbers of large deals that take time to close. However, Wisconsin’s investment total is not unusual — in the first quarter, when national investments were nearly the same at $7.5 billion, Wisconsin saw $27 million in four deals.
The deals for this quarter were:
- Mithridion — $2.3 million. Mithridion also merged with Cognitive Pharmaceuticals and is entering its first clinical trial based on technology gained in the merger.
- The Guild — $2.5 million. Now rebranded The Artful Home, which sells artistic decor, including limited-run and unique items, over the web.
- Idle Free Systems — $600,000. The firm’s technology uses the power from refrigeration units on trucks or trailers to power electric systems in the cabin, so that the engine does not need to idle and the vehicle uses less fuel.
The recent BioEnterprise report on healthcare venture capital also showed Wisconsin lagging compared to its neighbors.
PricewaterhouseCoopers publishes the quarterly MoneyTree report.