Omaha VC firm eyes St. Louis, KC with new $20 million fund

Dundee Venture Capital, an investment firm based in Omaha, Nebraska, has raised $20 million for its third fund and is looking at St. Louis and Kansas City for potential deals.

The fund is expected to grow to $30 million, according to Dundee officials.

The fund will be deployed into seed and early-stage investments targeting e-commerce, business-to-business Software-as-a-Service (SaaS) and consumer-network focused startups in the Midwest region.

More than $257 million was invested by venture capitalists into Missouri companies in 2015, the highest single-year total since 2001, according to a MoneyTree report. In the first half of this year, VC firms invested $98.6 million in Missouri companies.

Read more: St. Louis Business Journal


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