Sometime medical device investor S3 Ventures has raised a $20 million fund.
The fund is the company’s third of that same amount in as many years, VentureWire reported.
Austin, Texas-based S3 primarily invests in early-stage companies, with amounts ranging from $100,000 in seed funding to multimillion dollar Series A or B rounds. Though Managing Director Brian Smith holds degrees from Purdue University and the University of Cincinnati, S3 typically focuses its investments in the Southwest.
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S3’s portfolio companies include Houston-based orthodontics device maker OrthoAccel Technologies Inc.
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