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Valley Angel Investment Fund has a $1,300,000 capitalization, 30 members and has funded 2 companies. The Grand Forks RAIN fund currently has 17 members, including angel investors, lending institutions, and RAIN Source Capital, who have pooled their investment dollars to create the fund. Valley Angel is interested in high potential growth companies related to value-added processing, university R&D spin-out ventures, expansion and add-on investments. The fund will invest primarily in early to mid stage private companies that are located in North Dakota and Minnesota, and other regions where the investors reside.
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