About
The 701 Angel Fund is a Certified North Dakota angel venture capital firm founded in 2015, based in Grand Forks, North Dakota, that invests in determined entrepreneurs pursuing high-growth opportunities across the upper Midwest. The fund's investment thesis centers on early to mid-stage companies operating in technology, advanced manufacturing, autonomous systems, healthcare, medical devices, biotech, and business software, with demonstrated geographic focus on North Dakota and Minnesota. The fund has expanded its reach to include investment opportunities in unmanned aerial systems manufacturing and cybersecurity, reflecting the region's emerging strength in innovation-driven sectors. As an angel group, the 701 Angel Fund operates as a syndicate of accredited investors pooling capital to support startup ventures that show strong growth potential. The organization maintains a commitment to backing North Dakota entrepreneurs and facilitating capital deployment in underserved regional markets. While specific check sizes, membership counts, and portfolio company details require direct contact with the fund, the 701 Angel Fund positions itself as a key institutional player in regional venture capital, working to elevate North Dakota's profile as a destination for technology and life sciences startups. The fund's formation reflects broader regional efforts to retain talent and capital while building sustainable innovation ecosystems in the Northern Great Plains.