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Wonder Fund North Dakota is an investment program providing early-stage capital to small businesses within North Dakota. It aims to foster economic growth and diversify the state's commercial landscape by supporting promising ventures across various sectors. The fund strategically allocates resources to companies demonstrating significant potential for scalability and economic impact within the region.
Established in January 2023 as an initiative of the North Dakota Development Fund, the Wonder Fund began operating with strategic oversight from O'Leary Ventures, helmed by investor Kevin O'Leary. The fund's inception was driven by an insight into the critical need for robust local venture capital to stimulate innovation and entrepreneurship, thereby retaining and attracting talent within the state.
The fund primarily serves North Dakota's nascent and growing small businesses seeking initial investment to scale their operations and introduce new products or services. Its long-term vision is to cultivate a vibrant ecosystem where local enterprises thrive, ultimately establishing North Dakota as a significant hub for innovative business development and sustained economic opportunity.
Wonder Fund North Dakota has 2 tracked investments across 2 companies. The latest tracked deal is $6.0M Series A in HerdDogg in March 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2024 | HerdDogg | $6.0M Series A | Serra Ventures, Wonder Fund North Dakota | BOW Capital, Founders Fund, Goat Capital, Pareto Holdings, Remus Capital, Cory Levy, Griffin Johnson, Justin Mateen |
| Oct 1, 2023 | Thread | $15.0M Series A | Blaine Crissman | Balderton Capital, Beringea, Draper Triangle, Greylock, Innovation Works, Starburst Ventures, The Founder Coach, Waverley Capital, David Haywood Smith, Errol Damelin, IAN Hogarth, Jared Kopf, Kevin O'leary, Michael Birch, Nirav Tolia, Excell Partners, Nathaniel Asher Kraut, Homegrown Capital, Minnkota Power Cooperative, Rosecliff Ventures, Wonder Fund North Dakota |