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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

14

Website

nd.gov

Investments

North Dakota Development Fund investments
CompanyDateStageLead
Greenfield IncorporatedNov 2025GrantLead
North American IronNov 2025VC RoundCo-investor
701xDec 2024DebtLead
Checkable MedicalOct 2024SAFECo-investor
Cerilon Inc.Jun 2024DebtLead

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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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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