Allos Ventures, a venture capital firm with offices in Indianapolis and Cincinnati, has closed on $52 million for its third fund, Allos III.

The new fund has the potential to support as many as 30 high-growth technology companies across the Midwest, according to the firm. Specifically with the third fund, Allos Ventures plans to invest in up to 18 Series A funding rounds and as many as 12 seed funding rounds. Five percent of the $52 million will go towards seed-stage companies.

The firm is managed by Don Aquilano, John McIlwraith and David Kerr.

“With our third fund, we’re focused on continuing to support high-growth, Midwest software companies, as well as expanding our portfolio to new areas of the Midwest and entrepreneurs,” said Aquilano, also a co-founder of Allos. “The Midwest ecosystem is thriving and has matured significantly since we launched Allos a decade ago. Experienced entrepreneurs and founders with deep subject matter expertise are at the heart of our investments—companies able to scale rapidly and attract top talent from across the country.”

Click here to read the full article.