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South Dakota First Capital is a venture capital firm founded in October 2024, located in South Dakota. The firm is dedicated to supporting the economy of South Dakota and the broader heartland of the United States. By investing in early-stage companies, South Dakota First Capital aims to foster innovation and growth in the region.
The firm currently manages a portfolio that reflects its commitment to regional entrepreneurs, focusing on diverse industries. South Dakota First Capital prioritizes investments in companies based in South Dakota and surrounding states, contributing to the local economy and creating job opportunities.
South Dakota First Capital invests across a wide range of sectors, including B2B and B2C software, medical devices, food tech, ag tech, animal tech, energy, mining tech, manufacturing tech, government tech, supply chain and logistics, and cybersecurity. The firm specifically avoids investments in therapeutics.
Targeting companies at the pre-seed to Series A stages, South Dakota First Capital offers investment checks ranging from $250,000 to $1,000,000. The firm seeks to partner with innovative entrepreneurs who are committed to building their businesses in South Dakota and the surrounding areas.
South Dakota First Capital has invested in several notable portfolio companies, including:
These companies represent a diverse array of industries, showcasing the firm’s commitment to supporting innovative solutions in the heartland.
David Bockorny: Founding Partner with a background in venture capital and entrepreneurship. He has led multiple successful investments in early-stage companies.
Mark Stowers: Founding Partner who brings extensive experience in business development and investment strategy. He has a track record of supporting startups in various sectors.
Lucas Haskins: Principal with expertise in financial analysis and portfolio management. He plays a key role in evaluating potential investments and supporting portfolio companies.
To pitch South Dakota First Capital, founders should visit their website at southdakotafirst.com. A well-structured pitch deck should include an overview of the business, market analysis, financial projections, and the team’s background. Response times may vary, so it is advisable to follow up if no communication is received within a few weeks.
As of October 2024, South Dakota First Capital has made significant strides in establishing its presence in the venture capital landscape. The firm has begun investing in early-stage companies, focusing on sectors that align with its mission to support the heartland economy.
Recent investments include notable companies such as CodeBuddy and Aurora Medical Technologies, reflecting the firm’s commitment to fostering innovation in South Dakota and surrounding areas.
What are the investment criteria for South Dakota First Capital?
South Dakota First Capital invests in early-stage companies at the pre-seed to Series A stages, focusing on sectors such as software, healthcare, ag tech, and cybersecurity. The firm looks for innovative entrepreneurs based in South Dakota and surrounding states.
How can I apply or pitch to South Dakota First Capital?
Founders can submit their pitches through the firm’s website at southdakotafirst.com. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes South Dakota First Capital different from other venture capital firms?
This firm is uniquely focused on supporting the economy of South Dakota and the broader heartland of the United States. Their commitment to regional entrepreneurs and diverse industry investments sets them apart.
What is the geographic scope of South Dakota First Capital's investments?
The firm primarily invests in companies located in South Dakota and surrounding states, emphasizing its dedication to regional economic growth.
What is the typical check size for investments?
South Dakota First Capital typically invests between $250,000 and $1,000,000 in each portfolio company, depending on the stage and needs of the business.
What kind of post-investment involvement can founders expect?
While specific details on post-investment involvement are not disclosed, the firm is committed to supporting its portfolio companies through mentorship and resources to help them grow.
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