Amplify Partners Raises $200 Million Biotech Fund, Appoints Elliot Hershberg, Announces $900 Million Total Raise and Digital Biology Fund

Amplify Partners, a Silicon Valley venture capital firm, has raised $200 million for its first biotech-specific fund aimed at investing in pre-seed, seed, and Series A-stage startups. The fund targets approximately 20 investments ranging from $1.5 million to $10 million. In conjunction with this new fund, Amplify has appointed Elliot Hershberg as a partner to lead early-stage biotech investments. Additionally, Amplify announced the closing of $900 million across three new funds, including its first digital biology fund, accompanied by a rebranding featuring a new logo and website. The firm continues to focus on supporting technical founders in developing deeply technical ideas into category-defining businesses.