Buzz360 receives equity investment from the North Dakota University student-run venture capital fund Dakota Venture Group.
Dakota Venture Group, a student-run venture capital fund at North Dakota University, has led a $385,000 funding round into marketing firm Buzz360’s equity funding round.
Other investors include two angel investors from North Dakotan city Fargo, Brian and Howard Dahl, and several unnamed individuals.
Dakota Venture Group was set up in 2006 through a donation by the Dakota Foundation, and since then has considered 150 companies and made 13 investments. To date, more than 60 students have been involved with the fund.
Buzz360 operates a marketing software platform aimed at small businesses. The company will use the funding for sales and marketing of its service. It will also expand its partner and affiliate programmes.
Dan Daffinrud, chairman at Dakota Venture Group, said: “Buzz360 combines the experienced management team and practical Midwestern approach that we like in our portfolio. We believe its robust software platform provides small businesses with the tools needed to continue to grow in the 21st century.”