Thank You Sponsor: Dundee Venture Capital

by The TECHdotMN Team

It is important we recognize those who financially sponsor TECHdotMN because their direct contribution advances Minnesota’s technology industry.

Thank You Dundee Venture Capital for reinvesting!

What does Dundee Venture Capital do?

Dundee Venture Capital leads Seed rounds in the best Midwest tech startups. We typically invest $400,000-$700,000 in high-growth, early stage technology companies raising $500K-$2.5M investment rounds, and are based in Omaha with offices in Minneapolis and Chicago.

When/why/how did Dundee begin?

Dundee VC formally began in 2010. The root of the idea started much earlier when Mark Hasebroock, Dundee’s founding and managing partner, was raising money for his two e-commerce companies, giftcertificates.com and Hayneedle.com, in the late 1990s and early 2000s. All of the risk capital for the two companies came from the East and West coasts, something that frustrated Mark as he was building two fast-growing tech startups in Omaha. As entrepreneurs do, Mark decided he would solve his own problem and thus Dundee was born in 2010 to invest in early-stage tech founders across the Midwest.

What is unique about Dundee VC?

We firmly believe that active capital partners play an important role in shaping successful technology companies. We like to invest early, before everything’s working, and dig our feet in to help our companies wherever possible. Our entire focus is on seed rounds, where we think active capital partners can be most impactful to startup success and belief, hustle, and vision is as powerful as capital. Our portfolio has access to our entire team whether or not they sit on the board or work directly with the company on a daily basis.

Why sponsor TECHdotMN?

Tech.MNs media coverage, content, events, and resources are second to none for entrepreneurs, investors, and the broader Twin Cities startup ecosystem. When we opened an office here, it was a no-brainer to sponsor, in an effort to continue to move the MSP startup scene forward via the work Tech.MN does.

How could Minnesota’s tech industry improve from your perspective?

More people starting more companies, with greater ambitions, and an ecosystem ethos of giving direct and honest feedback (in the form of words, dollars, or actions) across the board so we can continue to iterate and improve.

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