Venture Investors’ new $75 million fund is investing in three companies developing medical surgery technologies plus another creating a drug discovery platform.

Earlier this week, the venture capital firm announced the close of its latest fund, which will make investments in early stage health care companies. In a release, the fund managers emphasize their proximity to both UW-Madison and the University of Michigan, noting the two universities together spend more than $2.5 billion on research.

“We have backed more than 40 university spin-outs commercializing innovative solutions to the biggest challenges in health care,” said Jim Adox, managing director for the firm’s presence in Michigan.

Along with announcing the new fund, Venture Investors is opening a new office in Milwaukee with a goal of engaging more actively in the city’s startup community.

Three of the four companies receiving investments from the new fund are led by entrepreneurs that Venture Investors had success with in the past, according to Scott Button, managing director. Read the full story here.