Organization · Venture Capital
701 Fund
701 Fund is a venture capital fund based in Grand Forks, North Dakota, focusing on early-stage investments in technology sectors such as healthcare, agtech, and cybersecurity. It aims to bridge the capital gap for startups in the Midwest.
Overview
What 701 Fund does
What 701 Fund is
701 Fund is a venture capital fund based in Grand Forks, North Dakota, focusing on early-stage investments in technology sectors such as healthcare, agtech, and cybersecurity. It aims to bridge the capital gap for startups in the Midwest.
How it participates in the startup ecosystem
The current public profile supports funder and community capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2015
- Approximate age
- About 11 years
- Structured capabilities
- Funder · Community
- Last reviewed
- April 24, 2026
Official channels
Find 701 Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
701 Fund as a funder
Investment thesis
The 701 Fund focuses on early-stage high-risk/high-reward investments in emerging technology industries across the Midwest, addressing the regional capital gap for ND/Midwest founders.
Focus narrative
The 701 Fund invests across various sectors, including UAS/UAV Manufacturing & Technologies, Autonomous Systems, Healthcare/Medical Device/BioTech, B2B Software & Technology, Cyber Security/Data Security, Ag Tech, and Manufacturing. The fund operates across ten states and has made investments in 14 different industries, focusing on early-stage companies.
Value beyond capital
The 701 Fund adds value to its portfolio companies by leveraging a curated network of regional and national professionals, including operators, angels, and advisors. This network provides support beyond capital, emphasizing community-building and active engagement in the local ecosystem.
Focus and fit
- Stages
- Seed · Growth Equity
- Sectors
- HealthcareBiotech & Life SciencesSaaS & Cloud SoftwareCybersecurityAgTechIndustrial & Manufacturing
- Regions
- North AmericaUnited States
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 35
Portfolio context
As of 2026, the 701 Fund has invested in 35 companies and has made 42 investments, resulting in five notable exits. Specific portfolio companies were not detailed, but the fund emphasizes its commitment to supporting a diverse range of startups in the Midwest.
Capability profile
701 Fund as a community
Community overview
The 701 Fund, founded in 2015 and based in Grand Forks, North Dakota, is dedicated to addressing the capital needs of startups in the Midwest. By collaborating with high-growth investment prospects in the region, the fund aims to bridge the capital gap for entrepreneurs. Utilizing a robust network of professionals, the 701 Fund assists startups in assessing risks and navigating the challenges of new ventures.
Community focus
The 701 Fund invests in a diverse range of sectors, including UAS/UAV Manufacturing & Technologies, Autonomous Systems, Healthcare/Medical Device/BioTech, B2B Software & Technology, Cyber Security/Data Security, Ag Tech, and Manufacturing. The fund operates across ten states and has made investments in 14 different industries, focusing on early-stage high-risk/high-reward opportunities.
Member value
Members of the 701 Fund benefit from access to a curated network of regional and national professionals, including operators, angels, and advisors. This community-building emphasis provides startups with support beyond capital, enhancing their chances of success in the competitive landscape.
Audience and fit
- Audience
- Founders · Investors · Operators
- Benefits
- network-access and mentorship
- Program types
- community
- Selection criteria
- application
- Stages
- Seed · Growth Equity
- Sectors
- HealthcareBiotech & Life SciencesSaaS & Cloud SoftwareCybersecurityAgTechIndustrial & Manufacturing
- Regions
- North America
Community activity
Notable members
Greg Syrup, SHRM-CP, MBA - Founding Partner; Heather McDougall - Partner; Dr. Blake Feil, DDS, MS - Partner; Dr. Todd Pringle, PhD - Partner.
Common questions
What to know about 701 Fund
Upseed classifies 701 Fund under the Venture Capital organization type. Its current public profile includes funder and community capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 24, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.