Katie Ralston Howe Director | North Dakota Department Of Commerce
Katie Ralston Howe Director | North Dakota Department Of Commerce
The North Dakota Department of Commerce has announced that two companies have been approved for a total investment of $255,000 through the Angel Match Program (AMP) in the first quarter of 2025.
Commerce Deputy Director Shayden Akason stated, "The Angel Match Program is designed to empower entrepreneurs who are tackling real-world challenges with bold ideas." He added, "Whether it’s helping consumers navigate complex insurance claims or creating smarter, more transparent supply chains, these companies represent the kind of innovation we’re proud to support in North Dakota."
Tugboat Solutions, Inc. received a $100,000 investment. The company assists home insurance policyholders in overturning and correcting wrongfully denied and underpaid insurance claims that might otherwise go uncontested.
Verdethos, Inc. was approved for a $155,000 investment for working capital. Verdethos provides software solutions for supply chain logistics and traceability of commodities.
Established in 2021, the North Dakota Angel Match Program supports early-stage, high-growth businesses by matching private investment commitments. The program is managed by the North Dakota Development Fund. To date, fifteen companies have secured AMP funding.
Further information about the NDDF and AMP can be found at belegendary.link/North-Dakota-Development-Fund.
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