North Dakota Development Fund

North Dakota Development Fund

Bismarck, North Dakotand.gov

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.

Year Founded

1991

Portfolio Companies

6

Website

nd.gov

Investments

CompanyDateStageLead
Greenfield IncorporatedNov 2025GrantLead
701xDec 2024DebtLead
FenworksApr 2023AngelCo-investor
SafetySpect, Inc.Nov 2021Convertible DebtLead
LucitAug 2021Convertible DebtLead

Sector & Stage Mix

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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Firmographic Details

HeadquartersBismarck, North Dakota
Year Founded1991

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