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701 Angel Fund is a North Dakota-based venture capital firm specializing in early-stage startup investments. It targets high-risk, high-reward opportunities, particularly within nascent companies developing emerging technologies across the Midwest. The firm's strategy focuses on supplying crucial seed capital to promising regional ventures.
Greg Syrup founded 701 Angel Fund in 2015, driven by the insight that North Dakota and Midwest startups faced underserved capital needs. Leveraging his experience, Syrup established the firm with local and regional support, creating a dedicated funding source to accelerate innovative companies in the region.
The fund supports early-stage entrepreneurs and startups seeking initial capital for development and expansion. 701 Angel Fund's mission is to strengthen the regional innovation ecosystem by strategically investing in entrepreneurial talent. It collaborates with high-potential founders, fostering technological advancement and economic vitality in its communities.
701 Angel Fund has 1 tracked investment across 1 company. The latest tracked deal is $2.2M Seed in Devii in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 16, 2024 | Devii | $2.2M Seed | TIM Weelborg | Falls Angel Fund, Gener8tor, North Dakota Development Fund, Park Capital Fund, Pathway Ventures |