Venture capital funds in South Dakota
3 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026, plus 6 single-deal vehicles (SPVs and co-investments). Largest cities: Sioux Falls (2), Brookings (1).
3venture capital funds
2emerging managers
1first sale since 2025
$5.8Mmedian raised
All 3 venture capital funds in South Dakota
Fund
First sale
Raised
Investors
Minimum
Offering
Sagatagan Fund I, L.P.
Sioux Falls, SDEmerging
First saleDec 2024
Raised$5.8M
Investors30
Minimum$100K
Offering506(b)
U First Capital AI Fund, LP
Sioux Falls, SDEmerging
First saleJul 2025
Raised$728K
Investors23
Minimum$1K
Offering506(b)
Homegrown Capital Fund II, LP
Brookings, SD
First sale—
Raised$0
Investors0
Minimum$150K
Offering506(b)