Dundee Venture Capital tops goal with oversubscribed, $31M fund
May 4, 2017 | Bobby Burch
In conjunction with welcoming a new partner to its ranks, regionally-focused fund Dundee Venture Capital recently surpassed its goal to raise a $30 million investment fund targeting Midwest startups.
The Omaha-based fund announced that its third fund is oversubscribed at $31 million and will target startups in Kansas City, St Louis, Omaha, Lincoln, Denver, Indianapolis, Minneapolis and Chicago.
Dundee typically offers seed funding from $250,000 to $750,000 to high-growth, early-stage tech firms — especially those in e-commerce, software-as-a-service and consumer networks.
Dundee already has invested in a host of Kansas City-area firms, including Divvy HQ, ABPathfinder, MySideWalk, Leap.it and Briefcase. The firm has helped launch and grow 37 tech companies in e-commerce, SaaS and consumer network businesses.
In addition to surpassing its $30 million goal, the fund welcomed entrepreneur and investor John Jenkins as a partner. Most recently, Jenkins was the founder of Benaissance, which in 2015 sold to WEX Inc. for $80 million.
“There’s so much talent in the Midwest,” Jenkins said in a release. “Our goal is to help de-mystify venture capital and de-risk the founder’s journey. We want to help them build to the highest and greatest expression of their vision for their business. Growing enterprises pose new challenges for founders, and smart founders align themselves with people who have successfully navigated these waters.”
To learn more about the fund, check out this story we published on Dundee partner Beth Engel in 2016.
2017 Startups to Watch
stats here
Related Posts on Startland News
DivvyHQ raises $1.8M for marketing tech
Kansas City-based DivvyHQ is ready to hit the gas after its latest investment round that will more than double its team. The marketing tech firm recently closed on a $1.8 million Series A round to boost its staff headcount and marketing outreach. Investors in the round include Dallas-based venture capital firm DAN Fund, Dundee Venture…
Mental health startup Start Talking goes mobile, scores $150K in tax credits
Depression affects about one out of every 10 Americans, including at one time Start Talking founder Mark Nolte. While a rough time in his life, Nolte’s struggle with depression in 2010 eventually led him to launch a venture that’s more easily connecting people with the help they need. Lenexa-based Start Talking offers patients a psychotherapy…
Video: KC women in tech talk challenges, engagement
While Kansas City ranks as a top locale for ladies in technology, there’s still work to be done to create more gender diversity in the industry. This video — created in collaboration with Kansas City Public Television and videographer Brad Austin — explores some of the challenges that women face in a male-dominated field and how to engage more women…
3 local businessmen named EY’s Entrepreneur of the Year
Three Kansas City area businesspeople recently snagged one of the most prestigious awards for entrepreneurs. EY announced Monday the winners of the Entrepreneur of the Year 2015 for the central Midwest, which included three businessmen from the Kansas City metro area. Those receiving the commendation included: Jody Brazil, CEO of FireMon; Matthew Perry, President of…