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RESOURCES
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CAPITAL
701 Angel Fund
The 701 Angel Fund is a Certified North
Dakota angel venture capital firm that
invests in determined entrepreneurs and
high-growth opportunities. Their fund
works in unison with other investors in
the region in order to maximize the exit
potential of their portfolio of startup
investments.
701angelfund.com
Arthur Ventures Growth
Fund
This is an early-stage venture capital
firm that invests in business-to-business
(B2B) software companies.
arthurventures.com
Linn Grove Ventures
Linn Grove invests in early- and
mid-stage life science companies with
outstanding technology. It is active in
providing strategic financing and business
leadership to help innovative companies
move beyond the business incubator and
accelerator phases to the next level of
growth.
linngroveventures.com
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Bank of North Dakota
(BND) New Venture
Capital Fund
This fund provides funding for
early-stage companies that can show
clear proof of completed product
development and market acceptance
as evidenced by growing sales. BND
invests in a variety of technologies and
types of businesses, including North
Dakota Department of Commerce
strategic-target industries of valueadded agriculture, technology, advanced
manufacturing, energy and tourism.
They also invest in growth and laterstage manufacturing and service
businesses with profitable growth
potential.
bnd.nd.gov/business/
venture-capital-fund
Dakota Venture Group
(DVG)
DVG is a University of North Dakotastudent-run venture-capital investment
fund founded in 2006. The group
manages multiple funds and utilizes a
vast network of industry expertise in its
due-diligence research and investment
decision-making.
dakotaventuregroup.com
Milestone Growth Fund
The Milestone Growth Fund invests
in minority-owned businesses in early
and expansion stages with proven track
records.
milestonegrowth.com
Minnesota Angel Tax
Credit
Minnesota's Angel Tax Credit provides
a 25-percent credit to investors or
investment funds that put money into
startup companies focused on high
technology, new proprietary technology,
or a new proprietary product, proce ss or
service in specified fields. The maximum
credit is $125,000 per person, per year
($250,000 if filing jointly). The credit is
refundable. Residents of other states and
foreign countries are eligible.
mn.gov/deed/business/
financing-business/taxcredits/angel-tax-credit
North Dakota/Minnesota
EB-5 Regional Center
ND/MN EB-5 aims to stimulate economic
development, create new jobs, and
improve regional productivity through
direct foreign investment in North Dakota
and Minnesota.
ndmneb5.com
Thomas, McNerney &
Partners
Thomas, McNerney invests in
pharmaceutical, medical device,
biotechnology and diagnostic service
firms.
tm-partners.com
Valley Angel Investment
Fund
Valley Angel Investment Fund is an
angel investment group headquartered
in Grand Forks. As part of RAIN Source
Capital’s RAIN Fund Network, they are
able to share prosective deals with the
entire network to collectively raise all or
a good portion of capital companies are
looking for.
valleyangelinvestmentfund.
weebly.com