Dundee Venture Capital, an Omaha-based firm founded by Hayneedle co-founder Mark Hasebroock, announced Thursday that it invested in TechStars founder David Cohen‘s new $28 million fund, Bullet Time Ventures II, a fund independent of the Boulder, Colo.-based startup accelerator.

“While we normally focus on specific companies,” Hasebroock said on Dundee VC’s blog, “as a TechStars mentor and (limited partner) in this fund I get to see first hand the great things being created from the inside out (at) TechStars as well as other startups David and team uncover.”

Cohen, who raised $5 million in 2009 for Bullet Time’s first fund, said in a blog post that he expects to invest at least half of this new fund in startups emerging from TechStars and the other half in internet software startups anywhere. Past investments in non-TechStars companies include GroupMe (acquired by Skype), Uber and Twilio.

Though Hasebroock (left) has for some time been connecting with individuals a part of TechStars – for example, Dundee VC invested in Graphicly, whose CEO, Micah Baldwin, is a TechStars mentor – his involvement with the accelerator officially began in February as he became a mentor. Earlier this month he was in Boulder for the TechStars for A Day event.

Dundee VC was founded in 2010 with an initial $2 million fund. Its past investments include Tripleseat (Boston-based with a development team in Omaha), Graphicly (Boulder, Colo.) and MindMixer (Omaha). Hasebroock did not give details of this latest investment, but he said by phone on Monday that it could lead to future Dundee VC investments through the opportunity to participate in startup funding rounds alongside Bullet Time Ventures. In his blog post, Hasebroock wrote that he had already been introduced to three “very dynamic companies.”

To read more about Bullet Time Ventures, see Cohen’s blog post, “28 Million More Ways To Help Startups“.

Credits: Photo by Joi Ito via Flickr.