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Fund Profile:
PrairieGold Venture Partners
Technology Business Center
2329 N. Career Ave., Suite 225
Sioux Falls, South Dakota 57107
Telephone: (605) 275-2999
Fax: (605) 275-8001
Website: www.pgvp.com
E-mail: batcheller@pgvp.com
Key Personnel:
Michael Jerstad, Principal
Paul Batcheller, Principal
Established: 2004
Total Committed Capital: $8.5 million
Amount Invested: $750,000
Geographic Focus: Upper Midwest (SD, ND, MN, IA, NE)
Fund Description
PrairieGold Venture Partners is an early and growth stage venture capital firm focused on making investments in the Upper Midwest.
Investment Information
PrairieGold Venture Partners focuses on early and growth stage investments. It seeks to invest between $250,000 and $1 million per company in the form of equity or equity-like securities. The firm does not have a specific sector focus, though it lists life sciences, technology, and food/agriculture as areas of particular interest.
Its key investment criteria are:
- Strong, intense management aligned with the firm financially
Large, growing and underserviced market
- Value-added product or service not easily replicable and with validated demand
- Solid map for execution of a well thought out business plan
- A well defined path to exit
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