Funded Startups in South Dakota
The largest disclosed round in this South Dakota snapshot is SAB Biotherapeutics’ $130M (2023-10-02), which dwarfs the next-largest disclosed amounts in th…
The largest disclosed round in this South Dakota snapshot is SAB Biotherapeutics’ $130M (2023-10-02), which dwarfs the next-largest disclosed amounts in the table—$35M (Dakota Gold, 2025-03-20) and $22M (Prismatic, 2024-01-17). Most disclosed rounds cluster far lower: several are in the $1M–$15M band, and only one entry appears above $50M.
The dates span 2020-07-17 (SAB Biotherapeutics, $14M) through 2025-08-27 (All Kids Bike, $90K), with noticeable concentration in late 2023: four rounds land on 2023-11-09 (Elevate Rapid City $100K; Enterprise Institute $360K) and 2023-10-02/$2023-10-20 (SAB Biotherapeutics $130M; Great Plains Bank $12M). Sector-wise, Biotechnology appears 2+ times (SAB Biotherapeutics twice; Inanovate once), and “Series Unknown” is the dominant classification, appearing in 12 of 14 rows; the only non-“Series Unknown” items are Prismatic (Series B, $22M on 2024-01-17) and Property Meld (Series B, $15M on 2023-01-25), plus one row with an explicitly “undisclosed” amount (Query.AI, 2024-09-25). Geographically, Sioux Falls shows up repeatedly (Prismatic, SAB Biotherapeutics, Inanovate), alongside Rapid City (All Kids Bike, Elevate Rapid City) and Brookings (Query.AI, Enterprise Institute).
Most recent rounds
14 shownRelated listings
Frequently asked
What stands out as the largest disclosed round, and how does it compare to the rest of the disclosed amounts?
SAB Biotherapeutics’ $130M on 2023-10-02 is the clear outlier here: it sits well above the next-largest disclosed amounts of $35M (Dakota Gold, 2025-03-20) and $22M (Prismatic, 2024-01-17). Most other disclosed rounds fall between $90K and $15M (for example, All Kids Bike $90K on 2025-08-27 and Golden West Telecommunications $5M on 2023-05-04).
Do the most recent rounds cluster in a narrow time window, or are they evenly spread?
The 14 rows span from 2020-07-17 to 2025-08-27, but they are not evenly distributed: late 2023 contains multiple close-dated entries, including 2023-11-09 (Elevate Rapid City $100K and Enterprise Institute $360K) plus nearby October 2023 rounds (SAB Biotherapeutics $130M on 2023-10-02 and Great Plains Bank $12M on 2023-10-20).
Which cities show up repeatedly, suggesting a local cluster rather than one-off activity?
Sioux Falls appears most consistently across different companies: Prismatic ($22M on 2024-01-17), SAB Biotherapeutics ($130M on 2023-10-02 and $14M on 2020-07-17), and Inanovate ($2M on 2022-10-06). Rapid City also repeats with All Kids Bike ($90K on 2025-08-27) and Elevate Rapid City ($100K on 2023-11-09). Brookings is another recurring node with Query.AI (undisclosed, 2024-09-25) and Enterprise Institute ($360K, 2023-11-09).
What stage mix is visible in these recent entries, and how much of it is “Series Unknown”?
“Series Unknown” dominates, appearing in 12 of 14 rows; that leaves only two rows explicitly marked as Series B (Prismatic $22M on 2024-01-17, and Property Meld $15M on 2023-01-25). One additional row uses “Venture - Series Unknown” (Inanovate, $2M on 2022-10-06), and Query.AI (2024-09-25) is the only entry shown as undisclosed amount.
Are there meaningful sector outliers or a clear sector concentration?
Sectors are mostly dispersed across the list, but Biotechnology is one of the few recurring categories (SAB Biotherapeutics twice: $130M on 2023-10-02 and $14M on 2020-07-17; plus Inanovate $2M on 2022-10-06). The other high-ticket amount tied to a different sector is Dakota Gold’s $35M in Natural Resources (2025-03-20), which is much larger than most non-Biotech disclosed rounds in the table.
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