Business
Mighty Capital Closes $91M Fund III, Tripling Its Size on the Strength of Six IPOs in Eight Years, Including Early Investments in Amplitude (NASDAQ: AMPL), and Groq
Mighty Capital, a venture capital firm specializing in product-led investing, today announced the close of its $91 million Fund III. Backed by one of the world's leading alternative asset managers, on behalf of its clients, alongside existing limited partners and new institutional investors, including a Northern California public pension plan, the fund was oversubscribed and three times the size of its predecessor, reflecting continued LP confidence in the firm's model and performance.
About this update from Amplitude, Inc.
[{"type":"text","content":"Firm Expands Institutional LP Base as It Demonstrates the Efficacy of the Product Alpha Effect™","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"SAN FRANCISCO, April 22, 2026 /PRNewswire/ -- Mighty Capital, a venture capital firm specializing in product-led investing, today announced the close of its $91 million Fund III. Backed by one of the world's leading alternative asset managers, on behalf of its clients, alongside existing limited partners and new institutional investors, including a Northern California public pension plan, the fund was oversubscribed and three times the size of its predecessor, reflecting continued LP confidence in the firm's model and performance.","length":544,"tagName":"p"},{"type":"image","alt":"Mighty Capital created the Product Alpha Effect™, the firm's proprietary approach to analyzing product signals and turning them into investment edge, including the behaviors, patterns, and adoption curves that emerge long before revenue. (PRNewsfoto/Mighty Capital)","displaySize":"","headline":null,"caption":"Mighty Capital created the Product Alpha Effect™, the firm's proprietary approach to analyzing product signals and turning them into investment edge, including the behaviors, patterns, and adoption curves that emerge long before revenue. (PRNewsfoto/Mighty Capital)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/6f015bfab15d5f67f68eb28e2643a7bf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9MJ55OtTlB7mYYSw8jsJdw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNQ--/https://media.zenfs.com/en/prnewswire.com/6f015bfab15d5f67f68eb28e2643a7bf","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2963315/5931900/Mighty_Capital_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Mighty Capital has delivered liquidity to LPs each of the past five years, with one in three exits resulting in an IPO. Over eight years, it has produced six IPOs, invested in an outlier that exited at 60× its entry valuation, and delivered more than $1 billion in value to date. Its portfolio includes Amplitude (NASDAQ: AMPL), Netskope, and Groq, which announced a $20 billion partnership with NVIDIA. Fund III continues the firm's focus on early-stage B2B technology inves...