Central ND News

The North Dakota Department of Commerce announced that two companies received a total of $345,000 in investments through the North Dakota Development Fund Inc.'s Angel Match Program (AMP) in the second quarter of 2025.

The AMP aims to support early-stage, high-growth businesses in North Dakota by matching private angel investments with direct equity or convertible note funding. Although managed by the Development Fund, it operates separately from its traditional investment offerings.

“North Dakota is no stranger to innovative entrepreneurs, and we’re continuing to see companies develop technologies that make everyday systems work smarter - whether it’s food supply chains or improving healthcare communication,” said Shayden Akason, Deputy Director of Economic Development and Finance and Head of Investments and Innovation at Commerce. “Our role is to back these innovators and help turn their ideas into real-world impacts right here in North Dakota.”

Investment highlights include Verdethos, Inc., which was approved for a $95,000 investment for working capital. Verdethos provides software solutions for supply chain logistics and commodity traceability. Highpass, Inc. received a $250,000 investment to expand marketing efforts. Highpass is a SaaS platform that streamlines communication in the healthcare industry through intelligent document processing and workflow automation.

Since its launch in 2021, AMP has supported 16 startups in North Dakota, aiding them in accessing the necessary capital for growth and scaling.

The North Dakota Development Fund was established in 1991 to provide flexible financing tools supporting new and expanding businesses across the state. In addition to AMP, it oversees the Child Care Loan Program to address critical workforce needs by supporting childcare providers.

For more information about the Angel Match Program or the Development Fund, visit: belegendary.link/North-Dakota-Development-Fund.