Tag: Texas startups

Austin’s S3 Ventures closes $250M fund to invest in Texas startups
Articles, Featured

Austin’s S3 Ventures closes $250M fund to invest in Texas startups

Austin-based S3 Ventures, the largest venture capital (VC) firm focused on Texas-based technology companies, closed its seventh fund Wednesday of $250 million. The venture firm invests in early-stage innovative tech startups across Texas. Managing director Brian Smith founded S3 Ventures in 2005 with a $20 million fund. At 29, Smith founded and served as chairman and CEO of Crossroads Systems, a holding company focused on investing in businesses that promote economic vitality and community development. He led Crossroads through five financing rounds to a successful initial public offering or IPO in 1999. The venture firm has previously raised $435M across six funds and has assets under management surpassing $900 million. They have invested in over 50 businesses, including more than...