The first $172 million is for Sherpa Ventures II, which will focus on early-stage opportunities (including follow-on investments through Series D). The remaining $298 million is for Sherpa Everest, a mid-stage fund that could eventually be larger due to expected LP co-invest opportunities.

The firm had previously raised $154 million for its debut fund, which encompasses both early and later-stage opportunities. Portfolio companies include Uber, Shyp, Airbnb, Beepi, Munchery, SpaceX and Hyperloop One (where Pishevar is co-founder and executive chairman). The new VC fund already has five portfolio companies, including PillPack, while Everest includes stakes in such companies as Uber (Series E), Ipsy, Slack and Rent the Runway.

Fortune has obtained certain documents related to the fundraise, which include some historical performance data. They report that Pishevar has generated (on paper) a 72.4x MoM on his $66.2 million in VC investments (methinks that’s largely thanks to Uber), while Stanford has (also on paper) generated a 2.78x MoM on his $1.6 billion in invested capital (remember, he used to be with Goldman Sachs, so the dollar amount is higher). Pishevar has one VC exit, while Stanford has five.

Sherpa declined to comment on the documents.

Despite the increase in fund size, both Sherpa funds list only Pishevar and Stanford as general partners. But they are complimented by two investing principals ― Brian Pham (ex-Morgan Stanley) and Bran Yee (ex-General Atlantic) ― and a handful of venture partners and advisors who sometimes take portfolio company board seats. That latter group includes Tina Sharkey and Padmasree Warrior.