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
Roo-Up with pulled pork or bite into Big Salvy: Ding Dong Dogs debuts at KC Streetcar’s mouthwatering last stop
Matt McLain longed for the hot dogs he grew up eating as a young baseball fan in Chicago. His just-off-the-roller, quick-serve hot dog restaurant near UMKC and the extended KC Streetcar line squirts a dinger of nostalgia in an emerging destination known for elevated fare. It’s an opportunity McLain relishes, the Ding Dong Dogs owner…
Beach volleyball heavyweights, Olympians hitting KC sand for George Brett showdown
Serial entrepreneur Lance Windholz hopes a high-profile weekend beach volleyball tournament — showcasing 24 professional players, including seven Olympians — will encourage more Kansas City athletes and enthusiasts to dig the sport he loves. The George Brett 4v4 Volleyball Showdown arrives Saturday, Sept. 13, at Shawnee Mission Beach Volleyball. Two amateur teams are set to compete…
KC-built AI command center helps businesses gain superpowers without losing their tech stack
First envisioned as an AI-powered agent built to streamline operations at Kansas City-based Plexpod’s coworking spaces, Intuidy has evolved into its own operating system; one that is transforming the way companies operate, co-founder Grayson Smith said. Vantage — Intuidy’s flagship platform launched in early 2024 with the help of Smith’s brother, Gentry — is a…
Peek inside: This new coworking space on Troost opens doors to belonging (and a rooftop view)
A search for new office space turned into a bigger opportunity to connect for founder Jeff Wagner, who launched Belong Space as a coworking community within a resurgent hub along Troost. Its mission is in the name. “It’s very difficult to find office space that’s in a qualified HUBZone neighborhood,” said Wagner, founder and CEO…