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Happy Spring! In this edition, learn about our new $250M fund, read our latest portfolio highlights, check out amazing job opportunities, and more!͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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March 2022
Spring arrived with beautiful weather, SXSW returned with a bang, and we announced a $250M Fund VII — our largest to date!
We welcomed Genda to our portfolio and to the city of Austin, their newly announced North American HQ. We were also thrilled to participate in QbDVision’s $15M Series A, so they can rapidly expand their team.
In our latest Get to Know interview, we sat down with Scott Wolfe, Jr., Founder & CEO of Levelset, after Procore purchased the company for $500M. We published a recording of our latest webinar, filled with important tax guidance from an expert panel, and we also released a refresh of our highly-popular Capitalization Table Template.
More details, portfolio company news, and job opportunities below…
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Announcing S3 Ventures Fund VII Earlier this month, we announced our seventh and largest fund — sized at $250M and focused on Texas startups at the Seed, Series A, and Series B stages.
A huge THANK YOU to the 50+ teams with whom we have partnered over the last 17 years. We look forward to joining forces with many more visionary founders and accelerating Texas’s rise as a tech powerhouse!
Read more about Fund VII and what it means for Texas: |
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Genda Joins the S3 Ventures Portfolio
Welcome Co-Founders Erez Dror (CEO), Eyal Kulik (COO), Shai Levy (CTO), and the entire Genda team to the S3 portfolio! Genda makes jobsites manageable, leveraging real-time construction field data to compare reality to plan. We are thrilled they chose Austin for their US HQ and are excited to co-lead their Seed round with TenOneTen Ventures.
Read the press release… |
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QbDVision Raises $15M in Funding
We are thrilled to invest again into QbDVison. This time as part of their $15M Series A led by Northpond Ventures. QbDVision is shaping the digital future of life science manufacturing — transforming how the biopharma industry operates.
Read the press release… |
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Get to Know: Scott Wolfe, Jr.
We sat down with Scott — Founder & CEO of Levelset — which last year was acquired by Procore for $500M. Scott shares some interesting tidbits about his career, what inspired his business idea, and how his first job in his family’s grocery business served as the ultimate business primer.
Read the interview… |
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Kevin Locraft joined NoiseAware as CEO in March. He spent the past nine years at Expedia/Vrbo as VP of Partner Success. In addition to his ability to form, grow, and lead large teams, Kevin brings significant experience and expertise in corporate strategy, M&A, and business development.
Learn more about Kevin… |
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John Eckman joined LeanDNA as CFO in February. Prior to joining LeanDNA, John was CFO of two S3 portfolio companies: Packet Design (acq. by Ciena) and OutboundEngine (acq. by Elm Street Technology). Along with his extensive background in finance, John was Co-Founder and President of SpineSelect (acq. by Amendia).
Learn more about John… |
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Trey Swain joined BrainCheck as CFO in March. He was previously the CFO/COO of S3 portfolio company Invodo (acq. by CoCreativ). Trey has extensive hands-on experience in managing finance, sales, and business operations. His background includes playing a key/lead role on both sides of 25+ M&A transactions.
Learn more about Trey… |
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Patrick Bishop joined Allstacks as Senior VP of Sales in February. With 15+ years developing and launching startups, Patrick has an excellent record of exceeding targets selling entire solutions to the Fortune 1000.
Learn more about Patrick… |
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QbdVision Co-Founder and CEO, Yash Sabharwal, was selected as one of 23 inspiring Austin leaders on Forbes’ Next 1000 list of entrepreneurial heroes. Read more…
Atmosphere was named as one of the top 10 most innovative companies leading the way in digital video and streaming services by Fast Company. Read more…
Atmosphere also won the 2022 Digiday Award for Best Connected TV Platform. Read more…
Interplay Learning was selected as one of 200 of the most promising North American EdTech startups in 2021 by HoloIQ. Read more…
Interplay Learning was also selected by Tracxn as one of the top 10 most exciting AR VR in Education startups. Read more…
UpEquity was recognized by Built In Austin as one of 22 Austin startups to watch in 2022. Read more…
Liquibase completed its SOC-2 Type 2 certification, which furthers their commitment to being the safest and most powerful database management platform. Read more…
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Webinar: Tax Considerations for Fast-Growing Tech Companies
We recently co-hosted a panel of startup executives and tax experts from Armanino to highlight important tax considerations for fast-growing technology companies, including: Sales Taxes — triggered by having customers and employees in different states International Taxes — when working with foreign customers or teams Taxes on Equity-based Incentives — and how they impact founders and employees
Watch the webinar…
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Banksy Experience Private Showing
We celebrated our seventh fund and 17+ years of friendships with a private showing of Banksy artwork at Atmosphere’s offices — which were transformed for this special SXSW exhibit. A huge thank you to Leo Resig, John Resig, and the hardworking teams at Atmosphere and The Chive for hosting and making the event a huge success!
View photos from the event… |
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S3 Ventures Marketing Summit
Great to see all the marketing leaders in our portfolio come together for our annual Marketing Summit! A special thank you to our keynote speaker Brian Megless, CMO at Levelset, for leading a great discussion and sharing insights on building and leading teams. |
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Now Available: Our Latest Cap Table Template
The S3 Ventures Cap Table Template is our most popular resource — downloaded by tens of thousands of people worldwide! The easy-to-use template helps startups stay organized and up-to-date, so they can make quick, well-informed decisions regarding fundraising, employee options, and acquisition offers.
With this major refresh, we added more detailed instructions and support for: Pre- and post-money SAFEs Investors holding multiple convertible securities with different timing/terms Multiple options grants to the same individual Shadow securities
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Check out the 100+ openings 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.
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We invest in Seed, Series A, and Series B companies with checks ranging from $500K to $10M. If you are looking for an investor, please reach out!
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S3 Ventures is the largest venture capital firm focused on Texas. Backed by a philanthropic, multi-billion-dollar family for 17+ years, we empower great entrepreneurs with the commitment to patient capital and true resources required to grow extraordinary, high-impact companies in Business Technology, Consumer Digital Experiences, and Healthcare Technology.
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