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.