The North Dakota Department of Commerce announced today that two innovative tech companies have been approved to receive a combined $345,000 in funding through the North Dakota Development Fund Inc.’s Angel Match Program (AMP) during the second quarter of 2025.
The Angel Match Program is designed to support early-stage, high-growth businesses by matching private angel investments with direct equity or convertible note funding. Managed by the Development Fund, AMP operates alongside other state-backed financing tools to help startups secure the capital they need to grow and scale.
Since its launch in 2021, AMP has supported 16 North Dakota startups, driving innovation and entrepreneurship across the state.
The companies approved for funding in Q2 2025 are:
- Verdethos, Inc. – Awarded $95,000 for working capital. Verdethos specializes in software solutions that improve supply chain logistics and commodity traceability.
- Highpass, Inc. – Received $250,000 to expand marketing efforts. Highpass is a SaaS platform that enhances healthcare communication through intelligent document processing and workflow automation.
“North Dakota is no stranger to innovative entrepreneurs, and we’re continuing to see companies develop technologies that make everyday systems work smarter—whether it’s food supply chains or improving healthcare communication,” said Shayden Akason, Deputy Director of Economic Development and Finance and Head of Investments and Innovation at the Department of Commerce. “Our role is to back these innovators and help turn their ideas into real-world impacts right here in North Dakota.”
The North Dakota Development Fund, established in 1991, offers a variety of flexible financing programs including the Angel Match Program and the Child Care Loan Program, which addresses workforce challenges by supporting childcare providers statewide.
By: DNU staff