North Dakota Growth Fund

About North Dakota Growth Fund

The North Dakota Growth Fund (NDGF) is a $100 million multi-stage investment fund aimed at investing in North Dakota businesses and entrepreneurs. Created to advance innovation and private market investments, NDGF seeks strong risk-adjusted returns while supporting the state's growing entrepreneurial ecosystem through targeted investments in venture capital, private credit, private equity, growth equity, infrastructure, and real assets with a connection to North Dakota.

Products & Services

Venture Capital Investments:Equity or debt financings for starting up, expanding, or relocating companies, including seed capital and research and development.

Growth Equity:Investments in companies at growth stages to support expansion with a focus on North Dakota-based firms.

Private Equity:Investments in private companies to drive value creation, targeting North Dakota entities or those with significant presence.

Private Credit:Debt financing including venture debt for companies, with criteria for North Dakota connection.

Infrastructure and Real Assets:Investments in physical assets and infrastructure projects linked to North Dakota.

Specialties

Venture Capital Private Credit Private Equity Growth Equity Infrastructure Investments Real Assets Entrepreneurial Ecosystem Development

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Commitment T: - FT: Commitment	A: 150000000 MR: - FA: $150 million FAN: 150000000	D: 2025-07-30 FD: 2025-07-30	1 investors

Commitment Latest

2025-07-30

$150.0M

1 investor (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

J

John Machacek

Chief Innovation Officer for the Greater Fargo Moorhead Economic Development Corporation

P

Peter Chamberlain

Founder & CEO

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