Dundee Venture Capital Raises $20M Fund III to Back Midwest Startups

Dundee Venture Capital (dundeeventurecapital.com/@dundeevc), an Omaha-based seed-stage investment firm, recently announced that the firm has raised $20M for its Fund III. The capital will be deployed into seed and early-stage investments targeting e-commerce, B2B SaaS and consumer-network focused startups. Dundee Venture Capital has made over 30 investments in startups to date, including Nebraska-based Bulu Box, with a goal of actively transforming the business landscape of the Midwest through entrepreneurship. With a target capital raise of $30M, Fund III will be 65 percent larger than Dundee’s previous fund.

Led by Mark Hasebroock, who founded GiftCertificates.com and Hayneedle Inc. (now a part of Walmart), Dundee Venture Capital is dedicated to building and scaling the Midwestern tech economy. Capital from Fund III will be primarily invested in startups located in the broader Midwest region including Denver, Omaha, Lincoln, Kansas City, Madison, Minneapolis, Indianapolis, St. Louis and Chicago.