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When it RAINs, it pours Grand Forks, ND Group looks to invest in growing companies

RAIN Source Capital http://www.rainsourcecapital.com and a group of angel investors have formed the Valley Angel Investment Fund in Grand Forks.

RAIN Source Capital is a multi-state network of RAIN funds that works with angel investors who are interested in supporting growing companies.

The RAIN fund is worth more than $500,000 and could expand to $1.5 million.

The fund will invest primarily in early-to mid-stage private companies with high growth potential that are located in the northern valley of North Dakota and Minnesota, and other regions where the investors live.

"This new Valley Angel Investment Fund supports both business and investor growth," said Steve Mercil, president and CEO of Minnesota-based RAIN Source Capital in a press release.

"Our goal is to form one RAIN fund a month as a way to increase the capacity for equity investments in smaller more rural areas," he said.

By Elisa L. Rineheart
Herald Staff Writer

Full Story: http://www.grandforks.com/mld/grandforks/business/15150441.htm

3rd Annual RAIN®makers Conference For Angel Investors, 9/28-29, Mankato, MN http://www.matr.net/article-19822.html

New fund looks to invest in Northwest Montana companies http://www.matr.net/article-19351.html

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