Finally making it official today that they’re in the venture capital business, Austin Ventures spin off Sante Ventures formally announced their $130M first venture fund. Lori Hawkins over at The Statesman wrote about it this morning in Tech Monday and there is a news release on the wire. Since they invested a pretty good chunk of money in Spinal Restoration’s B round, we had a pretty good idea they had some capital in the door. Managing Director Kevin Lalande came over from Austin Ventures, as did Doug French and Joe Cunningham.

Sante joins PTV Sciences $190M fund to be the biggest healthcare venture firms in Austin. To grow more bio, pharma, and healthcare technology in Austin we need venture stage money and oversight from partners and directors and the venture firms. Having these two firms in Austin is a major step towards supporting and growing other technology bases in Austin in addition to hardware, chips, and enterprise software.