Venture capital in South Dakota
No venture firm in our data is based in South Dakota. Below them are South Dakota’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices.
On this page: 15 other sources of capital 4 LPs 1 family office.
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Other sources of capital in South Dakota
9 community development lenders and 6 SBA lenders. From public registers and what each organization publishes; see Capital Sources for every state.
| Source | Location | On the record |
|---|---|---|
| Akiptan, Inc. | Eagle Butte | Native community development loan fund in Eagle Butte, SD, certified by the US Treasury’s CDFI Fund. |
| Dakota Resources | Renner | Community development loan fund in Renner, SD, certified by the US Treasury’s CDFI Fund. |
| Four Bands Community Fund, Incorporated | Eagle Butte | Native community development loan fund in Eagle Butte, SD, certified by the US Treasury’s CDFI Fund. |
| Grow South Dakota | Sisseton | Community development loan fund in Sisseton, SD, certified by the US Treasury’s CDFI Fund. |
| Lakota Fund, Inc., The | Kyle | Native community development loan fund in Kyle, SD, certified by the US Treasury’s CDFI Fund. |
| Mazaska Owecaso Otipi Financial, Inc | Pine Ridge | Native community development loan fund in Pine Ridge, SD, certified by the US Treasury’s CDFI Fund. |
| Neighborhood Lending Services, LLC | Deadwood | Community development loan fund in Deadwood, SD, certified by the US Treasury’s CDFI Fund. |
| Rural Electric Economic Development, Inc. | Madison | Community development loan fund in Madison, SD, certified by the US Treasury’s CDFI Fund. |
| South Eastern Development Foundation | Sioux Falls | Community development loan fund in Sioux Falls, SD, certified by the US Treasury’s CDFI Fund. |
| 1st Financial Bank USA | Dakota Dunes | 7(a) loans approved, fiscal year 2026: $33M |
| First Bank & Trust | Brookings | 7(a) loans approved, fiscal year 2026: $28M |
| Pathward National Association | Sioux Falls | 7(a) loans approved, fiscal year 2026: $518M |
| The Bancorp Bank National Association | Sioux Falls | 7(a) loans approved, fiscal year 2026: $171M |
| The First National Bank in Sioux Falls | Sioux Falls | 7(a) loans approved, fiscal year 2026: $4.7M |
| Wells Fargo Bank National Association | Sioux Falls | 7(a) loans approved, fiscal year 2026: $464M |
LPs based in South Dakota
Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.
| # | LP | Location | Venture funds | In venture funds | Total assets |
|---|---|---|---|---|---|
| 1 | Waitt Foundation | North Sioux City | 6 | $8.3M | $136M |
| 2 | The RLB Charitable Foundation | Sioux Falls | 1 | $1.4M | $20M |
| 3 | Blythe Brenden-Mann Foundation | Sioux Falls | 1 | $7K | $34M |
| 4 | Brenden Mann Foundation Co Dorsey & Whitney | Sioux Falls | 1 | $2K | $23M |
Family offices in South Dakota
Family offices registered with the SEC as investment advisers, from the Family Office Index. Most family offices are exempt from registering and aren’t on this list.
| Family office | City | Regulatory assets |
|---|---|---|
| Standard Family Office, LLC | Sioux Falls | $1B |
About the data
An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.