https://techcrunch.com/2022/08/11/lps-are-abandoning-the-us-midwest-this-year-and-it-doesnt-make-sense/

Venture funds based in the U.S. saw record fundraising in the first half of this year, but some regions saw little to none of that LP capital.

The Midwest took a huge fundraising hit in H1 2022, no matter which states you choose to include in the region. According to PitchBook data — we are combining the Great Lakes and Midwest regions for a broader view — $3.4 billion was raised across 20 funds. This shows that the region is not on track to match last year’s total of $9.7 billion across 81 funds.