Venture capital firm Amplify Partners has exceeded the target for its debut fund.
The vehicle has held a final close on $49.1m, exceeding its initial $40m target, the Palo Alto-based firm said in a statement.
Amplify Partners is focused on Infrastructure 2.0 technology and has already invested in AppNeta, BlueData, Chef, Conjur, Continuuity, Datadog, Fastly, Keen.io and WibiData as well as other startups that it said were in stealth mode.
Amplify managing partner Sunil Dhaliwal said, “We are pleased that we received such a strong response to our vision of a firm focused on Infrastructure 2.0 and grateful for the support of our outstanding roster of limited partners.
“Our increased fund size will give us the additional capital to support our growing portfolio, while still remaining true to our mission of right-sized investments in early-stage companies.”
Similar sized funds currently in the market Deep Fork Capital’s second vehicle, which has recently been launched with a $50m target.
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