North Dakota Development Fund
Overview
North Dakota Development Fund is a state-administered, non-profit fund that provides loans and equity investments to new and expanding primary sector businesses in North Dakota.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Bushel | Dec 2017 | Debt | Co-investor |
| Greenfield Incorporated | Nov 2025 | Grant | Lead |
| CoSchedule | Jan 2017 | Seed | Co-investor |
| Fenworks | Apr 2023 | Angel | Co-investor |
| Lilac Agriculture | Sep 2026 | Seed | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is North Dakota Development Fund based?
North Dakota Development Fund is headquartered in Bismarck, North Dakota, United States.
When was North Dakota Development Fund founded?
North Dakota Development Fund was founded in 1991.
How many portfolio companies does North Dakota Development Fund have?
North Dakota Development Fund has 18 portfolio companies in Caplight's dataset.
What are some companies in North Dakota Development Fund's portfolio?
Portfolio companies visible on Caplight include Bushel, Greenfield Incorporated, CoSchedule, Fenworks, Lilac Agriculture.
What was North Dakota Development Fund's most recent investment shown here?
North Dakota Development Fund's most recent investment in this portfolio sample was in Lilac Agriculture in 2026.
What sectors does North Dakota Development Fund focus on?
North Dakota Development Fund focuses on Enterprise Software, Energy & Sustainability, Real Estate & PropTech, Healthcare & Life Sciences, Healthcare & Life Sciences, Frontier & Industrial Tech, Enterprise Software, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, Media, Entertainment & Gaming, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Energy & Sustainability, Enterprise Software, Frontier & Industrial Tech, Media, Entertainment & Gaming, FinTech, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Healthcare & Life Sciences, Energy & Sustainability, Enterprise Software, Energy & Sustainability, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Frontier & Industrial Tech, Consumer & Commerce, Consumer & Commerce, Frontier & Industrial Tech.
What company stages does North Dakota Development Fund focus on?
North Dakota Development Fund typically invests at the MultiStage stage.
What is North Dakota Development Fund's AUM?
North Dakota Development Fund's assets under management are estimated at over $69.2M.