cash
Illustration by Ryan Etter—Getty Images/Ikon Images

Exclusive: Amplify Partners raises $125 million for second fund

Sep 09, 2015

Silicon Valley-based venture capital firm Amplify Partners has closed its second fund at its $125 million hard cap, Fortune has learned.

This is a big bump from the $50 million that Ampliy raised for its debut fund in 2013, but the investment strategy will remain the same: Seed and Series A investments in startups that focused on information security, distributed infrastructure and the “data revolution” (data infrastructure and applications of data in vertical software markets).

Amplify was formed in 2012 by Sunil Dhaliwal, a former partner with Battery Ventures, while fellow Battery veteran Mike Dauber joined last summer. The firm also features principal David Beyer, co-founder and former CEO of Chartio.com.

Dhaliwal says that the fund size hike is to help Amplify have plenty of reserve capital for follow-on rounds, but initial check sizes aren’t expected to change. “Out view of the data economy has changed a bit since the first fund was raised,” Dhaliwal explains. “We’re now more bullish on the application of data, analytics and AI, whereas previously we had a heavier emphasis on data infrastructure.”

Get Term Sheet, our daily newsletter on deals and deal-makers.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions