South Dakota First Capital
South Dakota First Capital is a venture capital firm based in Sioux Falls, South Dakota, established in October 2024. The firm focuses on investing in early-stage companies with strong talent and innovative technology, primarily in South Dakota and the surrounding Upper Midwest region. South Dakota First Capital aims to foster economic growth by providing not only financial support but also active partnership through board involvement, strategic connections, and hands-on coaching. The firm invests across a variety of sectors, including B2B and B2C software, medical devices, food technology, a
Investing activity
South Dakota First Capital appears in 2 AI deals tracked by the Lounge deals desk. The rounds are mostly Seed, with a median round size of $7M. The most recent are Ladder Health (Seed, $7M, Jun 2026) and Tugboat (Seed, $3M, Jun 2026).
South Dakota First Capital most often invests alongside Nina Capital, 25madison Health, Groove Capital and Create Health Ventures, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about South Dakota First Capital
What AI companies has South Dakota First Capital invested in?
South Dakota First Capital's AI investments include Ladder Health and Tugboat. The 2 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Where is South Dakota First Capital based?
South Dakota First Capital is based in Sioux Falls, South Dakota, United States.
What stage does South Dakota First Capital invest at?
In the rounds tracked on Lounge, South Dakota First Capital has invested at Seed, with a median round of $7M.
Who does South Dakota First Capital co-invest with?
South Dakota First Capital's most frequent co-investors on Lounge are Nina Capital (1 deal), 25madison Health (1 deal), Groove Capital (1 deal), Create Health Ventures (1 deal) and Mairs & Power Venture Capital (1 deal).
How can founders reach South Dakota First Capital?
Founders on Lounge can see South Dakota First Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add South Dakota First Capital to their Investor Pipeline to track the conversation.