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North Dakota

State · United States · Pop. 797K

A public taster of the full North Dakota ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

66 Pool of Funded Startups
New Startups
15 Annual Startups FoundedAll new ventures
6 Annual Startups FundedReceived investment
get funded 38%
61Startups
26 Pre-Seed Startups$100K–1M
23 Seed Startups$1–4M
12 Series A Startups$4–15M
4Breakouts
3 Series B Breakouts$15–40M
1 Series C Breakouts$40–100M
1Scaleups
1 Mega Scaleups$100–250M
reach Mega 1.5%
1Valuation Outcomes
1 Unicorns($1–10B valuation)
reach Unicorn 1.5%
Pre-Seed
26
Seed
23
Series A
12
Series B
3
Series C
1
Unicorn
1

* Conversion rates are derived from current counts.

Largest rounds

Largest funding rounds in North Dakota

A live treemap of the largest VC rounds. Each cell is one round into North Dakota-headquartered companies, grouped by Dealroom sector.

Largest rounds in North Dakota - 2026

Every $15M+ VC round into North Dakota-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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VC investment

How much venture capital flows into North Dakota

VC investment into North Dakota-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

North Dakota's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to North Dakota.

University-linked startup formation
5
University spinouts
68
Total alumni-founded companies
43
Of which startups (<$15M raised)
19
Breakouts ($15M-100M)
6
Scaleups ($100M+)

Location comparison

How North Dakota stacks up

Compare North Dakota with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

Wisconsin
$35.1B
Missouri
$29.5B
Indiana
$28.9B
Nevada
$28.9B
Iowa
$17.2B
Idaho
$15.9B
Vermont
$14.6B
Alabama
$14.6B
North Dakota
$10.6B

Combined enterprise value of each ecosystem.

More data

Explore Dealroom data →
Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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