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RAIN Fund
Existing RAIN® funds:
- Lakes Venture Group, LLC, Alexandria, MN
- $510,000 Capitalization
- 17 Members
- 10 Companies funded
- Lakes Venture Group II, LLC, Alexandria, MN
- $820,000 Capitalization
- 26 Members
- 5 Companies funded
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North Star Fund, LLC, Grand Rapids, MN
- $550,000 Capitalization
- 14 Members
- 5 Companies funded
- Prairie Capital, LLC, Worthington, MN
- $640,000 Capitalization
- 12 Members
- 8 Companies funded
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Central Minnesota Growth and Transition Fund, LLC, Willmar, MN
- $1,500,000 Capitalization
- 15 Members
- 1 Company funded
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River Valley Capital, LLC, Montevideo, MN
- $600,000 Capitalization
- 13 Members
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5 Companies funded
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Rock River Capital, LLC, Rock Rapids, IA
- $535,000 Capitalization
- 15 Members
- 5 Companies funded
- St. Cloud RAIN Fund, LLC St. Cloud, MN
- $1,150,000 Capitalization
- 18 Members
- 3 Companies funded
- Two Rivers Angel Investment Network, LLC Mankato, MN
- $800,000 Capitalization
- 16 Members
- 3 Companies funded
10. Sofia Angel Fund, LLC, Minneapolis, MN
- $1,000,000 Capitalization
- 31 Members
- Fund formed in March 2006 focuses on women owned businesses
11. Frontier Angel Fund, LLC, Kalispell, MT
- $1,750,000 Capitalization
- 33 Members
- 2 Companies funded
12. Northern Plains Investment, Bismarck, ND
- $575,000 Capitalization
- 13 Members
- 1 Company funded
13. Valley Angel Investment Fund, Grand Forks, ND
- $1,300,000 Capitalization
- 30 Members
- 2 Companies funded
14. FM Angel Investment Fund, Fargo, ND
- $1,500,000 Capitalization
- 25 Members
- 1 Company funded
15. Prairie Winds, LLC, Sioux Falls, SD
- $800,000 Capitalization
- 14 Members
- 2 Company funded
16. Prairie Capital II LLC, Worthington, MN
- $600,000 Capitalization
- 12 Members
- 1 Company funded
17. 3C Capital, Northfield, MN
- $812,500 Capitalization
- 30 Members
- Fund formed Spring 2007
18. SDSU/Brookings Angel Fund, Brookiings, SD
- $850,000 Capitalization
- 15 Members
- Fund formed Spring 2007
19. Boise Angel Fund, Boise, ID
- $900,000 Capitalization
- 17 Members
- Fund formed Spring 2007
20. South Metro Investors, Burnsville, MN
- $500,000 Capitalization
- 9 Members
- Fund formed Spring 2007
21. Great Opportunities, Aberdeen, SD
- $500,000 Capitalization
- 10 Members
- Fund formed Summer 2007
Licensees
Iowa Department of Trade and Economic Development Existing RAIN® funds:
- Cedar Valley Venture Fund
- $1.61 MM Capitalization
- 36 Members
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Northern Iowa Venture Capital Fund
- $1.67 MM Capitalization
- 61 Members
CEO Praxis, Grand Forks, North Dakota Existing RAIN® funds:
- CONAC Fund
- $400,000 Capitalization
- 8 Members
Expansion Targets
Iowa, Idaho, Minnesota, Montana, North Dakota, South Dakota, Washington and Oregon
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