According to Pitchbook data, 27 Wisconsin-based startup companies raised venture capital in the first quarter of 2023. Nine of the companies that received venture dollars are headquartered in the Milwaukee region. Collectively, the companies raised over $28 million in the first three months of the year.
Six of the nine deals involved venture capital from Wisconsin-based investors.
Below is the list of Milwaukee area companies that received VC funding in Quarter 1.
Highlighted deals indicate investment dollars from Wisconsin.
| Company Name | Investor | Investor HQ | Funding Amount |
| AxCel Technology | VI Ventures | Hong Kong | Undisclosed |
| Distribution Depot | Rock River Capital Partners | Madison | $950,000 |
| EVEN | CSA Partners gener8tor Adie Akuffo-Afful Daniel Rotman Ogo gAngels VC 414 | Milwaukee Milwaukee Texas Florida Russia California Milwaukee | $2.3 Million |
| Forj | Baird Capital Plymouth Growth Gary Comer | Illinois Michigan Waukesha | $15 Million |
| F Street Group | Undisclosed | Undisclosed | $150,00 |
| Joystik | Inflect Health | California | Undisclosed |
| SAFIO Solutions | WEDC | Wisconsin | $385,000 |
| Sift Healthcare | Allos Ventures First Trust Capital Partners Gaingels HealthCap Plug and Play Tech Center Rock River Capital Partners Winnebago Seed Fund | Indiana Illinois Vermont Sweden California Madison Neenah | $6.7 Million |
| Zizzl | CSA Partners | Milwaukee | $3.16 Million |