Dundee Venture Capital raises $31 million fund, eyes Midwestern startups

Dundee Venture Capital, an Omaha-based venture capital fund focused on software and e-commerce startups in the Midwest, announced that it has raised a third investment fund that’s oversubscribed at $31 million. The fund will target startups in a handful of Midwestern cities, including Kansas City and St. Louis.

Dundee typically offers seed funding from $250,000 to $750,000 to high-growth, early-stage tech firms.

Dundee already has invested in a host of Kansas City-area firms, including Divvy HQ, ABPathfinder, MySideWalk, Leap.it and Briefcase. The firm said it’s 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.

Read more: Startland News, St. Louis Business Journal

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