Omaha-based Dundee Opens Mpls Office In Search Of High-Growth Tech Startups
Investment firm Dundee Venture Capital opened a new office in Minneapolis on Tuesday with the goal of discovering early-stage tech startups with high-growth potential.
The Omaha-based firm was lured to Minneapolis by its surging tech sector, as noted by Forbes naming the metro as the “Fastest Growing State For Tech Jobs.”
“Minnesota has all the pieces to become one of the premier tech cities in the country,” said Dundee partner Greg Beaufait, “and the startup ecosystem here is accelerating at an incredible pace.”
Dundee enters Minneapolis after raising $20 million last month, all of which it plans to invest in Midwest startups.
Beaufait did not disclose specific startups the firm was eyeing, but he did note the firm was “looking at investing in Minneapolis companies now.” He added in an email that the state’s “diverse set of startups”—ranging from high tech to health care—“excited” the firm.
Historically, Dundee has stuck to investing in startups within the B2B, e-commerce and consumer network spaces. To date, the firm has invested in 31 startups with the size of its investments ranging from $250,000 to $750,000.
“With another office in Minneapolis,” said Dundee’s founding partner Mark Hasebroock, “we are well on our way to achieving our mission of providing capital to exceptional entrepreneurs building the most disruptive tech companies in underserved markets across the Midwest.”