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North Dakota Development Fund
AddedFeb 15, 2024
UpdatedJun 28, 2026
North Dakota Development Fund

North Dakota Development Fund

Operating

North Dakota Development Fund provides gap financing and equity investments for feasible primary-sector businesses, excluding agriculture.

Location
Bismarck, ND, US
Founded
1969
Firm
Compare
Portfolio
Employees

The North Dakota Development Fund focuses on providing gap financing and equity investments to primary-sector businesses, excluding agriculture, within North Dakota. The fund aims to support projects that are feasible and have a reasonable chance of success. It offers financial coordination between various sources, the business, and the community, typically engaging in pre-seed and other unspecified investment rounds.

Notable portfolio companies include CoSchedule, which has raised $2 million, Lucit with $600,000, and WalkWise with $1.2 million. The fund is known for its hands-on approach in coordinating financing efforts and ensuring community involvement, providing a unique value-add through its comprehensive support system for startups.

North Dakota Development Fund - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments3
Current Portfolio Count3
Total Portfolio Exits0

Top Investment Stages

Series Unknown2 (66.7%)
Pre-Seed1 (33.3%)

Stage Mix

Series Unknown 67%Pre-Seed 33%

Concentration shown as share of disclosed investments by stage.

Recent Investments

WalkWise logo

WalkWise

Lucit logo

Lucit

CoSchedule logo

CoSchedule

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North Dakota Development Fund - Classification

NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end
Show 7 more industry codes
NAICS
  • 920000Public Administration
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 523910Miscellaneous Intermediation
SIC
  • 9100Executive, Legislative, And General Government, Except Finance
  • 6000Depository Institutions
  • 6790Miscellaneous Investing
  • 6799Investors, Not Elsewhere Classified