The North Dakota Department of Commerce announced Monday that two companies have been approved for a combined $500,000 in investment through the North Dakota Development Fund Inc.’s Angel Match Program during the first quarter of 2026.

The Angel Match Program, or AMP, supports early-stage, high-growth North Dakota businesses by matching private angel investments with direct equity or convertible note funding. While managed by the Development Fund, the program operates independently from the fund’s traditional financing offerings.

Dunlevy Consulting Inc., based in Grand Forks, received $250,000. The company manufactures Group I and Group II unmanned aircraft systems used across multiple applications. The funding will be used to purchase supplies and raw materials to support production.

Lilac Agriculture Inc. of Fargo also received $250,000. The agricultural biotechnology company is developing microbial inoculants aimed at improving crop performance, scalability and yield. The investment will support working capital needs.

Since its launch in 2021, the Angel Match Program has supported 21 North Dakota startups, helping companies access early-stage capital to grow and scale.

Established in 1991, the North Dakota Development Fund provides flexible financing tools to support new and expanding businesses statewide. In addition to the Angel Match Program, the fund also oversees initiatives such as the Child Care Loan Program, which addresses workforce needs by supporting child care providers.

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Angel Match Program invests $500,000 in UAS, ag biotech companies in first quarter

North Dakota Department of Commerce