Fundraising Fox

Homegrown Capital

Venture capitalActively deploying

South Dakota · Seed–Series A · 4 people tracked

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Investment thesis

Homegrown Capital demonstrates that world-class businesses can be built between the coasts by leveraging deep regional networks and hands-on partnership models. The firm partners closely with founders through board-level guidance to accelerate growth and long-term success. The firm focuses on sectors where technology drives outsized scalability without excessive regulatory burden, and maintains openness to exceptional opportunities that align with its growth-oriented approach.

Source: firm website, verified Jul 21, 2026.

Stage
Seed–Series A
Check
$500K – $2M
HQ
South Dakota, US
Leads rounds
Leads
Instruments
Equity
Founded
2021
AUM
$47.2M
Tracked investments
11

Team · 4 people

from the firm's website
Matt Paulson· General Partnerin

Venture investor with over 75 venture deals to his credit. Founded and led MarketBeat and previously served as an investment partner at Cresten Capital.

Tim Weelborg· General Partnerin

Investment professional who has facilitated over 100 venture deals and established 14 angel funds across South Dakota. Previously served as executive director of the Enterprise Institute.

Dr. William Aderholdt· Venture Partnerin

Dr. William Aderholdt is a venture partner at Homegrown Capital specializing in agricultural technology. He is also Executive Director of Grand Farm, a nonprofit organization building an innovation ecosystem to address agriculture challenges. He holds a PhD and Master in Education along with a B.S. in Cell Biology and Neuroscience from Montana State University.

Megan Baniecke· Associate

Megan Baniecke partners with managing partners on sourcing and executing early-stage investments and supporting portfolio development. She previously spent 4.5 years at gener8tor as Managing Director, leading 13 accelerator programs and executing 10 early-stage investments. She brings execution-focused investing expertise shaped by managing complex programs and operating at the intersection of investment decision-making and portfolio accountability.

Investments · 11 tracked

founders shown can be your intro path
CoCo Coders
Devii
Grain Weevil
Pitchly
PointsPath
Prismatic
ProsperStack
School of Traditional Skills
Sentinel Fertigation
SiteKick
Soiltech Wireless

Board seats · per SEC filings · 3

what is this? ⓘ
Soiltech Wireless Inc.SEC filing

$725K raise · filed Aug 2025 · via Tim Weelborg

Sentinel Ag, Inc.SEC filing

$1M raise · filed Aug 2025 · via Tim Weelborg

Prismatic Software Inc.SEC filing

$16.8M raise · filed Jan 2024 · via Matt Paulson

Inferred from directors named on each company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Homegrown Capital invest at?
Homegrown Capital invests at the Seed, Series A stages.
What is Homegrown Capital's typical check size?
Homegrown Capital typically writes checks of $500K – $2M.
What sectors does Homegrown Capital focus on?
Homegrown Capital focuses on AgTech, Fintech, Media & Entertainment, SaaS.
Where is Homegrown Capital located?
Homegrown Capital is headquartered in South Dakota, US.
Does Homegrown Capital lead rounds?
Yes, Homegrown Capital leads investment rounds.

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