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South Dakota First Capital is a venture capital firm founded in October 2024, headquartered in South Dakota. The firm is dedicated to bolstering the economy of South Dakota and the broader heartland of the United States by investing in and supporting local entrepreneurs. The firm’s establishment reflects a commitment to fostering innovation and economic growth in the region.
Currently, South Dakota First Capital operates with a focus on early-stage investments, specifically targeting companies in the pre-seed to Series A stages. The firm has a clear mission to prioritize investments in businesses based in South Dakota and its neighboring states, ensuring that the capital flows into the heart of the U.S. economy.
South Dakota First Capital invests across a diverse 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, allowing it to concentrate on industries that align with its regional focus and expertise.
Investment checks range from $250,000 to $1,000,000, targeting companies at the pre-seed to Series A stages. This strategic focus enables South Dakota First Capital to support early-stage entrepreneurs who are innovating within their respective fields, particularly those based in South Dakota and surrounding states.
South Dakota First Capital has built a notable portfolio that includes several innovative companies:
These companies represent a cross-section of the firm’s investment strategy, showcasing its commitment to supporting diverse industries and early-stage innovation.
David Bockorny: Founding Partner. David has extensive experience in venture capital and entrepreneurship, having worked with various startups in the region.
Mark Stowers: Founding Partner. Mark brings a wealth of knowledge in investment strategies and has a strong background in supporting early-stage companies.
Lucas Haskins: Principal. Lucas focuses on sourcing and evaluating investment opportunities, leveraging his expertise in technology and market analysis.
To pitch South Dakota First Capital, founders should visit their website at southdakotafirst.com. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. Warm introductions are preferred but not mandatory.
As of October 2024, South Dakota First Capital has recently launched its operations, focusing on building a portfolio of early-stage companies in the heartland of the United States. The firm is actively seeking investment opportunities and has begun engaging with local entrepreneurs.
What are the investment criteria for South Dakota First Capital?
South Dakota First Capital focuses on early-stage companies in the pre-seed to Series A stages. They invest in a variety of sectors, including software, healthcare, agtech, and cybersecurity, with checks ranging from $250,000 to $1,000,000.
How can I pitch to South Dakota First Capital?
Founders can submit their pitches through the firm’s website at southdakotafirst.com. It is recommended to include a clear business model, market analysis, and team background in the pitch deck.
What makes South Dakota First Capital different from other VCs?
The firm is uniquely focused on supporting entrepreneurs in South Dakota and the surrounding heartland, prioritizing investments in local businesses that contribute to regional economic growth.
What is the geographic scope of South Dakota First Capital?
South Dakota First Capital primarily invests in companies based in South Dakota and its neighboring states, emphasizing its commitment to the heartland of the United States.
What type of post-investment involvement can founders expect?
While specific details on post-investment involvement are not disclosed, firms like South Dakota First Capital typically provide mentorship, operational support, and access to their network to help portfolio companies succeed.
What is the typical response time for pitch submissions?
Response times can vary, but founders should expect to hear back within a few weeks after submitting their pitch through the website.
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