Formed in 2010 by Omaha entrepreneur Mark Hasebroock (giftcertificates.com & hayneedle.com), Dundee VC has about $40m under management across three funds with an upper-midwest focus on early stage tech investing.
Dundee deploys $50,000-$750,000 in areas that they are familiar with, such as e-commerce, B2B SaaS, or consumer networks.
Beaufait, who joined Dundee as an intern in 2013 and became a partner the following year, describes the move here as a positive change personally and professionally. The firm has backed 30 companies to date, largely concentrated in the upper-midwest, albeit not a single Minnesota one — yet.
“It’s just a matter of time, time that will go faster now that I’m here,” Beaufait says. “Minneapolis has the density and talent…we’re going to contribute to the capital side of things. We’ve got some triangulation now the Midwest between our home base in Omaha, myself in Minneapolis, and a new partner in Chicago.”