# State of Wisconsin Investment Board: portfolio, investments and team

> State of Wisconsin Investment Board is an investment firm based in United States. 14 investments on record, latest Aug 2024.

Source: https://millionrounds.com/fund/state-of-wisconsin-investment-board (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# State of Wisconsin Investment Board

Last cheque observed Aug 2024. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Series A Series B Series C Asset Management Wealth Management

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 14 on record

Since the last cheque **802** days **00** hrs **00** min **00** sec

Median round **$78M** Rounds led **0 of 14** Exits **2 from the portfolio** Mostly in **United States, 100%**

Pitch State of Wisconsin Investment Board

## State of Wisconsin Investment Board highlights

- 01 14 rounds on record
- 02 Mostly Series A and Series B: 64% of its rounds
- 03 2 exits from the portfolio

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Asset Management Wealth Management
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **14 appearances**

- **2024** 1 round
- **Aug** **[HistoSonics](https://millionrounds.com/company/histosonics)** Series D · US · Hatteras Venture Partners **$102M** With 7 others
- **2019** 1 round
- **Apr** **[HistoSonics](https://millionrounds.com/company/histosonics)** Series C · US · Hatteras Venture Partners **$54M** With 5 others
- **2015** 3 rounds
- **Dec** **[EatStreet](https://millionrounds.com/company/eatstreet)** Series C · US **$15M** With 4 others
- **Aug** **[FluGen](https://millionrounds.com/company/flugen)** Series A · US **$12M** With 3 others
- **May** **[NeuWave Medical](https://millionrounds.com/company/neuwave-medical)** Series C · US **$25M** With 1 other
- **2014** 3 rounds
- **Oct** **[EatStreet](https://millionrounds.com/company/eatstreet)** Series B · US **$4.0M** With 6 others
- **Apr** **[Neurovance](https://millionrounds.com/company/neurovance)** Series A · US **$6.3M** With 6 others
- **Jan** **[Madison Vaccines](https://millionrounds.com/company/madison-vaccines)** Series A · US **$8.0M** With 2 others
- **2013** 1 round
- **Nov** **[Catalyze](https://millionrounds.com/company/catalyze)** Series A · US · sec.gov **$2.0M** With 6 others
- **2012** 1 round
- **Dec** **[Montage](https://millionrounds.com/company/montage)** Series B · US · tmcnet.com **$4.0M** With 4 others
- **2005** 2 rounds
- **Dec** **[Pinstripe](https://millionrounds.com/company/pinstripe)** Series A · US **$3.0M** With 1 other
- **Jan** **[OpGen](https://millionrounds.com/company/opgen)** Series B · US **$5.0M** With 3 others
- **2004** 1 round
- **Dec** **[Zystor](https://millionrounds.com/company/zystor)** Series A · US **$8.5M** With 6 others
- **2000** 1 round
- **Dec** **[Cardiac Pathways Corp](https://millionrounds.com/company/cardiac-pathways-corp)** Venture **$23M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Zystor](https://millionrounds.com/company/zystor)** Bought by BioMarin Pharmaceutical **$115M** Aug 2010

**[Cardiac Pathways Corp](https://millionrounds.com/company/cardiac-pathways-corp)** Bought by [Boston Scientific](https://millionrounds.com/fund/boston-scientific) **Undisclosed** Jun 2001

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series A Series B Series C

Median round joined **$78M** the round, not its cheque

Led 0 of 14 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2024
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series A *6*
- Series B *3*
- Series C *3*
- Series D *1*
- Venture *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Venture Investors](https://millionrounds.com/fund/venture-investors-health-fund) 6
- [Wisconsin Alumni Research Foundation](https://millionrounds.com/fund/wisconsin-alumni-research-foundation) 3
- [4490 Ventures](https://millionrounds.com/fund/4490-ventures) 2
- [Baird Capital](https://millionrounds.com/fund/baird-capital) 2
- [Johnson & Johnson Robotics and Digital Solutions](https://millionrounds.com/fund/johnson-and-johnson-robotics-and-digital-solutions) 2
- [Lumira Ventures](https://millionrounds.com/fund/lumira-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as State of Wisconsin Investment Board. A count of rooms they were both in, not a relationship either has claimed.

[**Venture Investors** VC firm **6** rounds together](https://millionrounds.com/fund/venture-investors-health-fund)[**Wisconsin Alumni Research Foundation** Investment firm **3** rounds together](https://millionrounds.com/fund/wisconsin-alumni-research-foundation)[**4490 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/4490-ventures)[**Baird Capital** Wealth manager **2** rounds together](https://millionrounds.com/fund/baird-capital)[**Johnson & Johnson Robotics and Digital Solutions** Corporate VC **2** rounds together](https://millionrounds.com/fund/johnson-and-johnson-robotics-and-digital-solutions)[**Lumira Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/lumira-ventures)[**Mason Wells Biomediacl Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/mason-wells-biomediacl-fund)[**Stonehenge Capital** Investment firm **2** rounds together](https://millionrounds.com/fund/stonehenge-capital)

## Recently backed

The latest companies State of Wisconsin Investment Board put money into.

[**HistoSonics** $102M · Aug 2024](https://millionrounds.com/company/histosonics)

## Mentioned on podcasts

Episodes that name State of Wisconsin Investment Board in their description, not their title.

- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 11 May 2026 · 53 min Will England, Derek Drummond, and Tony Caruso – Disintermediating Pod Shops (EP.501) With [Will England](https://millionrounds.com/person/will-england) Mentions [State of Wisconsin Investment Board](https://millionrounds.com/fund/state-of-wisconsin-investment-board) Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 3 Jun 2024 · 54 min Anne-Marie Fink - Cutting Edge Pension Investing at SWIB (EP.389) Mentions [State of Wisconsin Investment Board](https://millionrounds.com/fund/state-of-wisconsin-investment-board) Apple PodcastsShow page
- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 22 Feb 2024 · 18 min E44: Chris Prestigiacomo of SWIB ($140B AUM) on What Pensions Look for in VCs Mentions [State of Wisconsin Investment Board](https://millionrounds.com/fund/state-of-wisconsin-investment-board)[Erik Torenberg](https://millionrounds.com/person/erik-torenberg) Apple PodcastsShow page
- [Upfront Ventures](https://millionrounds.com/podcasts/upfront-ventures) 22 Mar 2023 · 30 min How Institutional LPs are Thinking About VC and Evaluating Managers In 2023 | 2023 Upfront Summit Mentions [State of Wisconsin Investment Board](https://millionrounds.com/fund/state-of-wisconsin-investment-board)[Top Tier](https://millionrounds.com/fund/top-tier)[Top Tier Capital Partners](https://millionrounds.com/fund/top-tier-capital-partners) *+1* Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 5 Apr 2021 · 51 min Dominic Garcia – Risk-based Investing at New Mexico PERA (Capital Allocators, EP.187) Mentions [Google](https://millionrounds.com/fund/google-assistant-investments)[State of Wisconsin Investment Board](https://millionrounds.com/fund/state-of-wisconsin-investment-board) Apple PodcastsShow page

## Quick answers about State of Wisconsin Investment Board

### What does State of Wisconsin Investment Board invest in?

State of Wisconsin Investment Board invests most often at Series A and Series B (64% of the rounds on record), in sectors such as Asset Management and Wealth Management.

### How active is State of Wisconsin Investment Board?

14 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2024.

### What has State of Wisconsin Investment Board invested in recently?

Its most recent investments on record: HistoSonics (Series D, Aug 2024).

### How big are State of Wisconsin Investment Board's cheques?

The median round it joins is $78M.

### Does State of Wisconsin Investment Board lead rounds?

Rarely, if at all: none of its 14 investments on record names it as the lead.

### Where does State of Wisconsin Investment Board invest?

Most of the companies it backs are in the United States (100%).

### Is State of Wisconsin Investment Board investing now?

No investments in the last 12 months; the latest was in Aug 2024.

### Who does State of Wisconsin Investment Board invest alongside?

Most often Venture Investors (6 rounds together), Wisconsin Alumni Research Foundation (3 rounds together) and 4490 Ventures (2 rounds together).

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