Investors / North Dakota Growth Fund
North Dakota Growth Fund
Investor
The North Dakota Growth Fund is a $250 million multi-stage investment fund that invests in North Dakota businesses and entrepreneurs. It is managed by 50 South Capital and makes targeted investments in venture capital, private credit, private equity, growth equity, infrastructure and real assets opportunities with a nexus to North Dakota.
Invests inAI & Machine Learning
In its own wordsnorth dakotaeconomic developmentventure capitalprivate equityprivate creditgrowth equity
Your fit with North Dakota Growth Fund
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See how your round matches what it backs, point by point.
Or find every investor that fitsNorth Dakota Growth Fund lists 20 checked portfolio companies on its own site. Its largest themes are AI & Machine Learning (21%), Healthcare & Biotech (15%) and Fintech (12%). 100% of its companies are based in United States. It invests most often alongside Homegrown Capital, Groove Capital and 137 Ventures.
No funding round on record names North Dakota Growth Fund yet, so the figures come from its portfolio page.
Round figures show recent activity, not North Dakota Growth Fund's whole history. Rounds on record name 0 companies; its own site lists 20. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 21% | 18% |
| Healthcare & Biotech | 15% | 15% |
| Fintech | 12% | 12% |
| Industrial & Manufacturing | 12% | 7% |
| Real Estate & Construction | 9% | 3% |
| Cybersecurity | 9% | 4% |
| Education | 9% | 7% |
| Mobility & Logistics | 6% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Homegrown Capital | 3 |
| Groove Capital | 2 |
| 137 Ventures | 1 |
| ACTivate Capital | 1 |
| ARK Venture Fund | 1 |
| Abstract | 1 |
| Activate Capital | 1 |
| Acumen America | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 51th | 20 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 18th | 21% in its largest sector |
| Reach | 19th | 1 country |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers20100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Homegrown Capital
Compare North Dakota Growth Fund head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
as stated on its sitePortfolio
20 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Aethero uses drone flights and advanced analytics to assess building health and energy usage | Real Estate & ConstructionAI & Machine Learning | Portfolio page | ||
| BaseState analyzes data and drafts client reports, allowing teams to review, approve and deliver them | AI & Machine LearningCybersecurity | Portfolio page | ||
| Chemi-Sense develops and provides field test kits for internal corrosion control in pipeline operations | Industrial & Manufacturing | Portfolio page | ||
| Chipp builds AI agents and software to automate busywork for businesses | AI & Machine LearningEnterprise Software | Portfolio page | ||
| CoCo Coders provides online coding lessons for kids. | EducationEducation | Portfolio page | ||
| The company provides cloud-based artificial intelligence infrastructure and services | AI & Machine LearningCybersecurity | Portfolio page | ||
| Cypress Rail provides railcar maintenance and cleaning services | Industrial & ManufacturingMobility & Logistics | Portfolio page | ||
| Detect Auto provides a system for vehicle inspections and maintenance recommendations | AI & Machine LearningMobility & Logistics | Portfolio page | ||
| Devii helps users transform SQL databases into GraphQL APIs | Healthcare & BiotechCybersecurity | Portfolio page | ||
| Farmented takes imperfect produce and turns it into fermented food products, such as kimchi and sauerkraut. | Food & Agriculture | Portfolio page | ||
| FarmQA gives agronomists, agribusinesses, and farmers purpose-built tools to understand what’s happening in the field, make better decisions, and stay connected throughout the season. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| The company runs accelerators to support startups and communities through funding, mentorship, and networking opportunities. | EducationHealthcare & Biotech | Portfolio page | ||
| Homegrown Capital is a venture capital company that invests in early-stage, technology-driven companies in the Midwest. | FintechMedia & Entertainment | Portfolio page | ||
| LongWater Opportunities is a private markets investment manager that offers capital solutions and private equity investments in the lower middle market | FintechIndustrial & Manufacturing | Portfolio page | ||
| M25 is an early-stage venture firm investing exclusively in tech startups headquartered in the Midwest. | FintechHealthcare & Biotech | Portfolio page | ||
| RxE2 conducts community-based clinical trials via independent pharmacies | Healthcare & Biotech | Portfolio page | ||
| Trimyxs manufactures and sells a one-pass trim and edge lawn mower attachment | Industrial & Manufacturing | Portfolio page | ||
| Tugboat provides help and support to homeowners with insurance claims | FintechReal Estate & Construction | Portfolio page | ||
| WalkWise provides a remote monitoring system for senior care organizations to track patients with mobility impairments and prevent falls and other health concerns. | Healthcare & Biotech | Portfolio page | ||
| Zegacy connects aspiring homeowners with investors to structure rent-to-own deals around a real home, a clear proposal, and a path to ownership. | Real Estate & Construction | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- ndgrowthfund.com
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Companies checked
- 20
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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