July 2024 Newsletter

Patient Capital. True Resources. Big Impacts.

July 2024

While macro uncertainties remain, we are excited to observe an uptick in startups raising their next round. Irrespective of economic cycles, we remain committed to supplying patient capital to talented founders with bold, long-term visions.

Read below to learn more about our …

Growing Portfolio: We led a $9M financing for CereTax.
Latest Financing: We led Hydrolix’s $35M Series B.
Portfolio News: Stripe acquired Sumatra’s platform and team.
Founder Spotlight: Doug Neumann—Arpio’s Co-Founder & CEO.
Resources: We revamped our popular Operating Model Template.
Job Openings: Multiple exciting opportunities across our portfolio.

LATEST INVESTMENTS

Ceretax Raises $9M Financing

We are thrilled to add Ceretax to the S3 Ventures portfolio and to partner with their highly experienced team, as they revolutionize sales and use tax automation. S3 Ventures led the $9M financing with participation from Wild Basin Investments and Leaders Fund.

READ PRESS RELEASE →

Hydrolix Grows 10x & Raises $35M

Congratulations to Co-Founders Marty Kagan and Hasan Alayli—and the entire team at Hydrolix—for growing 10x and closing a $35 million Series B! The investment was led by S3 Ventures with participation from Nava Ventures, Wing Ventures, AV8 Ventures, and Oregon Venture Fund.

READ PRESS RELEASE →

PORTFOLIO NEWS

Stripe Acquires Sumatra Platform

Congratulations to Greg Kuhlmann and Lucas McGrew on Stripe's acquisition of the Sumatra platform and team!

READ MORE →

BrainCheck won MedTech Breakthrough's Care Management Innovation Award.

Arpio was listed in The 10 Hottest Data Storage Startups Of 2024.

Genda was named in BuiltWorld’s 2024 Smart Jobsites Top 50 List.

HYAS won the 2024 Fortress Cybersecurity Award.

Hydrolix received the Intellyx Digital Innovator 2024 Award.

FOUNDER SPOTLIGHT

Doug Neumann wearing glasses and a green shirt.

Doug Neumann: Arpio

We chatted with Arpio Co-Founder and CEO Doug Neumann—who shared insights on juggling responsibilities, growing his team, and finding balance in the chaos.

READ ABOUT DOUG →

PORTFOLIO HIRES

Angela Anastasakis smiling in a black and white photo.

Angela Anastasakis joined Prokeep as VP of Customer Success. Angela brings over 30 years of experience enhancing systems and processes for scalable growth.

Jim Grunder smiling wearing a grey shirt.

Jim Grundner joined Allstacks as Head of Engineering. Jim brings over 25 years of executive experience from leadership positions at JupiterOne, Fidelity Investments, and People Fluent.

Jenny Gale Howe joined Videate as VP of Sales. Jenny brings over a decade of experience building both high-functioning sales teams and award-winning organizational cultures.

Chad Levinsky joined CereTax as
Vice President of Sales. Chad brings over 20 years of Global SaaS revenue growth experience.

STARTUP RESOURCES

Updated: S3 Ventures SaaS Operating Model

Updated: Operating Model Template

We revamped our popular SaaS Operating Model Template! With step-by-step instructions, this three-statement model will help you plan, forecast, and fundraise.

DOWNLOAD NOW →

FEATURED JOBS

Arpio favicon that is orange with two circles connected by a line.

Arpio | Chief Revenue Officer →
Durham, NC

Check out the open positions on our Job Board, and join our Talent Network to be discovered by our entire portfolio of companies. When you join our Talent Network, you can also opt-in to receive alerts about new postings.

JOIN OUR TALENT NETWORK →

S3 VENTURES EVENTS

S3 Ventures sign with a group of people behind it in the background.

Throughout the year, we host multiple events for entrepreneurs, investors, and community leaders—as well as regular happy hours specifically for functional leaders of Product/Engineering, Sales/CS, Marketing, and Finance.

If you are a start-up founder or C/VP-level executive and would like to attend a future S3 event, let us know!

APPLY TO ATTEND →

FUNDRAISING?

We invest in Seed, Series A, and Series B companies with checks ranging from $500K to $10M.

SEND US YOUR PITCH