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Wisconsin

State · United States · Pop. 6M · WithinWorldNorth AmericaUnited StatesWisconsin

Startup funnel

Wisconsin's startup funnel

Companies headquartered in Wisconsin at each stage today, by total VC raised. Hover or tap a bar for the split.

518
Startups
$100K–15M raised

227 pre-seed · 188 seed · 103 Series A

71
Breakouts
$15–100M raised

45 Series B · 26 Series C

5
Scaleups
$100M+ raised

3 Mega · 2 Mega+

5
Unicorns and/or $100M+ revenue

4 valued at $1B+ · 4 with $100M+ revenue · 3 both

Source: Dealroom.co

Quarterly report

Wisconsin's latest quarter in venture capital

Venture capital raised by Wisconsin-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.

Latest complete quarter

 

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Enterprise value

How much Wisconsin’s VC-backed companies are worth

Combined enterprise value of VC-backed companies headquartered in Wisconsin, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.

VC investment

How much venture capital flows into Wisconsin

VC investment into Wisconsin-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Largest rounds

Largest funding rounds in Wisconsin

A live treemap of the largest VC rounds. Each cell is one round into Wisconsin-headquartered companies, grouped by Dealroom sector.

Largest rounds in Wisconsin - 2026

Every $15M+ VC round into Wisconsin-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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Academia

Wisconsin's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Wisconsin.

University-linked startup formation
121
University spinouts
1,183
Total alumni-founded companies
716
Of which startups (<$15M raised)
337
Breakouts ($15M-100M)
130
Scaleups ($100M+)

Location comparison

How Wisconsin stacks up

Compare Wisconsin with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$117B
$110B
$93.5B
$92.4B
$74.9B
$69.6B
$40.5B
Wisconsin
$35.2B

Combined enterprise value of each ecosystem.

Get the full Wisconsin ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.