Amplify Partners Closes $49,100,000 Debut Fund

PALO ALTO, CA--(Marketwired - Mar 18, 2014) - Amplify Partners, a venture capital firm exclusively focused on Infrastructure 2.0 technology, today announced the close of its first fund, Amplify Partners L.P., at $49,100,000 of committed capital. The fund, which was increased beyond its original $40,000,000 target to accommodate investor demand, will continue to invest in technical entrepreneurs looking to redefine IT infrastructure.

"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," noted Sunil Dhaliwal, Managing Partner, Amplify Partners.

Launching less than a year ago and led by seasoned enterprise technology venture capitalist Sunil Dhaliwal, Amplify Partners has quickly become a prominent player in the enterprise technology venture capital community. Selected investments include: AppNeta, BlueData, Chef, Conjur, Continuuity, Datadog, Fastly, Keen.io and WibiData; as well as a number of startups still in stealth mode.

"Amplify Partners is an obvious choice for early-stage entrepreneurs who are looking to establish a deep relationship with experienced investors," said Kumar Sreekanti, co-founder and CEO of BlueData Software. "The firm's expertise in enterprise infrastructure has been instrumental in helping shape the direction of our product. Sunil has brought clarity of thought, a thorough understanding of market dynamics, and a unique ability to help filter signal from noise."

To support its continued growth, Amplify Partners recently appointed David Beyer as Principal. David brings a wealth of experience as a venture-backed entrepreneur, a prolific angel investor and a trusted advisor to many entrepreneurs. After beginning his technology career as the co-founder and CEO of Chartio.com, a cloud-based data visualization and analytics pioneer, he later was part of the founding team of Patients Know Best, now one of the world's leading cloud-based personal health record companies. David's prior investments include Modria, ReTargeter, Teambox and Teespring.

"SAP Ventures is thrilled to be a limited partner in Amplify's debut fund," said Beezer Clarkson, Managing Director, SAP Ventures. "Amplify's combination of investment experience, deep domain expertise and clear vision for the future has demonstrated promising early results. The fund is a strong fit for our strategy of backing early-stage venture capital funds investing in disruptive IT companies, and we look forward to working together closely with Amplify as the firm continues to grow."

Amplify Partners focuses on initial investments ranging from $50,000 to $1.5 million and looks to support its entrepreneurs through multiple rounds of funding. To learn more about current portfolio companies, please visit www.amplifypartners.com, follow us on Twitter: @amplifypartners, or contact info@amplifypartners.com.

ABOUT AMPLIFY
Amplify Partners, an early-stage venture capital firm committed to redefining IT infrastructure, invests in technical entrepreneurs pursuing the multi-hundred-billion dollar Infrastructure 2.0 disruption. Amplify helps talented founders build valuable businesses by investing the right amount of early-stage capital and providing active company-building assistance. Amplify offers the unique combination of deep domain expertise, early-stage focus and a network of Venture Amplifiers™ to improve outcomes for infrastructure entrepreneurs.