The (701) Angel Fund was established in 2015 to serve
the growing capital needs for startups within the
Midwest. By utilizing the professional experience of the
general partner and vast business knowledge of the
board of directors, this fund is well positioned to find
high-growth investment opportunities within the region.
Angel investing is time consuming and risky.
The experienced leadership of the fund leverages its
network to quickly identify, evaluate, and de-risk viable opportunities.
As a North Dakota fund, we acknowledge the
legacy of entrepreneurship, integrity, and a strong work
ethic in what we do and seek to invest in companies
with identical values. (701) has been the long time area
code of the state, but for us, it serves as a reminder to
embody those values ourselves and empower
Board of Directors
James Buus, Partner
Partner & Managing Broker, Goldmark-Schlossman Commercial Real Estate Services
Bruce Gjovig, Partner
former Director & CEO, Center for Innovation Foundation
Kevin Moug, Partner
CFO, Otter Tail Corporation
Aaron Yaggie, Partner
Partner, Red River Ag Company
James Burgum, Partner
Director, Arthur Companies
By the numbers (Q1 2021):
Eight Different Industries
As an angel fund, we are able to leverage the experience of our investors and advisory board to evaluate opportunities across all industries.
We do have a specific interest in ventures involved in:
UAS/UAV Manufacturing & Technologies (Unmanned Aerial Systems)
B2B Software & Technology
Cyber Security/Data Security
If you're an entrepreneur seeking capital, please submit any relevant information about your business on Gust.
4200 James Ray Dr.
Grand Forks, ND 58202
For any general inquiries, please fill in the following contact form: