S3 Ventures Announces the Raise of S3 Ventures Fund I

Austin, TX (February 7, 2007) – S3 Ventures announced today that the firm has closed S3 Ventures Fund I, a venture capital fund focused on information technology and medical device investing.

“We are very excited to continue investing in early-stage companies,” said Brian R. Smith, Managing Director of S3.  “Each of our partners has extensive experience in growing small companies, as founders, operating executives, CEO’s, and investors, and we look forward to partnering with entrepreneurs to help them through their growth.”

S3 Ventures was founded by a group of entrepreneurs with operating experience in successful technology and medical ventures.  The focus of the firm is to build exceptional companies through the combination of its venture experiences, talented entrepreneurs as partners, and technology and markets supporting rapid growth.  S3 will invest primarily in early stage ventures around the Southwest with a focus on Texas.  The firm has a presence in Austin, Texas, and Houston, Texas.

About S3 Ventures

S3 Ventures is an early-stage venture capital firm investing in companies which address large market opportunities in the information technology and medical device sectors.  We invest primarily around the Southwest with a focus on Texas.  Our offices are located in Austin and Houston.  S3’s team is a group of seasoned investors and successful entrepreneurs who have repeatedly built companies into great returns for investors.  At S3 today, we help talented entrepreneurs take their technology and market knowledge and form valuable businesses in a methodical fashion.  For more information about S3, visit http://www.s3vc.com/.