North Dakota Development Fund
2000 Schafer St, Suite 205, Bismarck, ND, 58501, United States
Overview
The North Dakota Development Fund coordinates efforts between all the sources of financing, the business and the community. Any project considered for this financing must be feasible and have a reasonable chance of succeeding. The fund provides "gap financing" through loans and equity investments not available from most conventional lenders and is available to any primary-sector business with the exception of production agriculture. The Development Fund also administers the 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. The fund is a secondary source of financing, subordinate to private sources. If a business can't handle added debt, the Development Fund can take an equity financing position.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
Investment portfolio
- Devii
Participated · Seed · Apr 2024
Devii develops a GraphQL API management platform aimed at simplifying and accelerating API development for engineering teams and enterprise software organizations. The company positions its product as a world-class suite of software tooling that addresses app development, data science, and information-security challenges. Devii emphasizes use cases including workforce development and responsible, secure AI/ML data access. The team says the product is designed for enterprise-level API management and scalable software development. Devii is headquartered in Fargo, ND and offers access to its platform via devii.io. The company plans to use new capital to accelerate growth and continue expanding its API management offering.
- CoSchedule
Participated · Equity · Apr 2014
CoSchedule is a social media and blog publishing platform built exclusively for WordPress. The web-based application lets bloggers, social media managers, and marketing managers schedule their blog posts and social media messages at the same time. It is a social media editorial calendar that allows teams of professionals to organize their online marketing and blogging efforts in one place. The product eliminates the need for multiple, disconnected tools. The company reports paying customers in 35 countries. CoSchedule was co-founded by Garrett Moon and Justin Walsh and is based in Bismarck, North Dakota.
Team
No current team members are available.