At the close of the first quarter, financial reports across the board indicate venture and growth investors in private companies continued to scale back their investment pace.
According to Pitchbook data, 27 Wisconsin-based startup companies raised venture capital in the first quarter of 2023.
Milwaukee area companies
| Company Name | HQ Location | Year Founded | Funding Amount |
| AxCel Technology | Hartland | 2016 | Undisclosed |
| Distribution Depot | Brookfield | 2020 | $950,000 |
| EVEN | Milwaukee | 2022 | $2.2 Million |
| Forj | Waukesha | 2020 | $15 Million |
| F Street Group | Milwaukee | 2008 | $150,000 |
| Joystik | Milwaukee | 2022 | Undisclosed |
| SAFIO Solutions | Brookfield | 2017 | $385,000 |
| Sift Healthcare | Milwaukee | 2017 | $6.7 Million |
| Zizzl | Milwaukee | 2016 | $3.16 Million |
Other Wisconsin companies
| Company Name | HQ Location | Year Founded | Funding Amount |
| Atterx Biotherapeutics | Madison | 2001 | Undisclosed |
| Bend Health | Madison | 2021 | $31.16 Million |
| C-Motive | Middleton | 2012 | $10.7 Million |
| Cellular Logistics | Madison | 2016 | $50,000 |
| ChemDirect | Green Bay | 2018 | $350,000 |
| DataChat | Madison | 2017 | $25 Million |
| Imbed Biosciences | Middleton | 2010 | Undisclosed |
| IVO Systems | Madison | 2019 | $1.5 Million |
| K9skin | Sheboygan | 2022 | $10,000 |
| Kids in Combat Boots | Sheboygan | 2022 | $10,000 |
| Nurse Disrupted | Fitchburg | 2020 | $1.01 Million |
| OnLume | Madison | 2016 | $2.78 Million |
| Pyran | Madison | 2017 | $1.46 Million |
| Raw-Tek Innovations | Sheboygan | 2022 | $10,000 |
| Slot Check | Madison | 2020 | $650,000 |
| Stolen Flower | Sheboygan | 2022 | $10,000 |
| Type One Energy | Middleton | 2019 | $29 Million |
| Wisconsin Brewing Company | Verona | 2011 | $1.07 Million |