North Dakota Development Fund Overview

  • Investor Type
  • Venture Capital
  • Status
  • Active
  • Professionals
  • 1
  • Investments
  • 8
  • Portfolio
  • 6
  • Exits
  • 2

North Dakota Development Fund General Information


Founded in 1991, North Dakota Development Fund is a venture capital arm of Bank of North Dakota and is based in Bismarck, North Dakota. The firm provides flexible financing through loans and equity investments and is available to any primary sector business with the exception of production agriculture. The firm also offers regional rural revolving loan fund, which provides funding for primary sector projects located in a community of less than 8,000 in population or located more than five miles outside the city limits.

Contact Information

Year Founded
Investor Status
Actively Seeking New Investments
Primary Investor Type
Venture Capital
Other Investor Types
Lender/Debt Provider
Primary Office
  • 1600 East Century Avenue
  • Suite 2
  • Bismarck, ND 58503
  • United States
+1 (701) 000-0000

North Dakota Development Fund Investments (8)

Company Name Deal Date Deal Type Deal Size Industry Company Stage Lead Partner
Bakken Midstream 12-Jun-2019 PE Growth/Expansion 000 Energy Exploration Product Development
00000000 26-Sep-2017 0000 - 00000 0000 Electronics (B2C) Generating Revenue
000000 01-Jan-2017 0000 - 00000 00000 Business/Productivity Software Generating Revenue
0000000 30-Jun-2016 00000 0000 Media and Information Services (B2B) Generating Revenue
00000 0 0000 15-Apr-2015 00000 00000 Medical Supplies Out of Business
00000 00 0000 22-Nov-2010 00000 00000 Other Commercial Products Generating Revenue
HillTopper 01-Jan-2010 Grant 0000 Automotive Generating Revenue
HillTopper Grant 00000 Automotive Generating Revenue
To view North Dakota Development Fund’s complete investments history, request access »
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North Dakota Development Fund Exits (2)

Company Name Exit Date Exit Type Exit Size
CapStar Financial Holdings 22-Sep-2016 IPO 000.00
00000 0 0000 000 00 00000000
To view North Dakota Development Fund’s complete exits history, request access »

North Dakota Development Fund Investments by Industry, Year, and Region

Investments by Industry

Investments by Year

Investments by Region

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North Dakota Development Fund Team (6)

Name Title Deals Funds Boards Office
Zoe Wergeland Manstrom Interim Chief Executive Officer Bismarck, ND
Ashley Hruby Credit Technical Analyst Bismarck, ND
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