Raise Scoreboard
Week 43Modal Labs, Inc. $602MFormfactor Inc $300MXona Space Systems Inc. $239MWaveDivision Capital XIX, LLC $163MSend Cut Send, Inc. $140MTCG Opportunity Fund II, LLC $113MCarter Investment Holdings, L.P. $112MTown.com, Inc. $104M

2026 season

Biggest startup raises in North Dakota, 2026

$46.9M across 16 new raises reported on Form D by companies based in North Dakota this season. Last season: $39.8M across 16.

This week Week 43, 2026 (Oct 19–25)

No new raises reported.

By league

North Dakota raises by leagueReal Estate$35M · 8Tech$4M · 3Finance$2.9M · 1Open$2.8M · 2Main Street$2.3M · 2

Weekly totals

North Dakota weekly totals$6M$12MW18: $2MW18W19: $0W20: $3MW21: $4MW22: $3MW22W23: $0W24: $0W25: $12MW26: $3MW26W27: $0W28: $0W29: $4MW30: $200KW30W31: $0W32: $0W33: $67KW34: $4MW34W35: $0W36: $0W37: $0W38: $250KW38W39: $0W40: $40KW41: $26KW42: $0W42W43: $0W43

Season leaders top 50

#CompanyLeagueRaisedRaisingFiled
1Enclave Shoreview Rice Street, LLC rookieReal Estate$11.7M$11.7MJun 17
2DECO Shakopee, LLC rookieReal Estate$9.7M$10.6MMar 18
3Gro Real Estate Fund III, LP rookieReal Estate$4.5M$15MMay 21
4Maude Apartments, LLC rookieReal Estate$4M$4MAug 21
5Wheelhouse Games, Inc.Tech$3.7M$3.9MJul 15
6State Bankshares, Inc.Finance$2.9MindefiniteJun 25
7Tugboat Solutions Inc.Open$2.8M$4MMay 15
8Sterling Office & Industrial TrustReal Estate$2.6M$30MMay 26
9White Creek, LLC rookieReal Estate$2.3M$2.3MApr 30
10Lilac Agriculture, Inc. rookieMain Street$1.7M$2MApr 9
11Hoefer Group, LLC rookieMain Street$602K$5MJun 26
12Chemi-Sense Systems, Corp rookieTech$250K$250KSep 14
13S10 Holdings, LLC rookieReal Estate$200K$5MJul 23
14Eagleridge Realty Trust, Inc.Real Estate$67K$10MAug 10
15Huettl AI, Inc. rookieTech$40K$40KSep 30
16Kitchen Refresh, Inc. rookieOpen$26KindefiniteOct 5