Today, 645 Ventures announced 645 Ventures Fund III, a $160 million fund “to invest in exceptional Seed and Series A companies.”

The firm revealed they normally invest $1 million and $2.5 million per seed round and $5 million per Series A. The company also stated that it’s backed by leading institutional investors, “including university endowments, foundations, funds of funds, and pension funds.”

“Fund III allows us to continue partnering with early-stage visionary founders who aspire to build iconic businesses that transform industries and reach large scale M&A and IPO events,” the announcement reads.

In addition to the new fund, 645 Ventures is also launching “Connected Network,” a team of individual investors, including top technology leaders, business founders, and financiers who’ve scaled their early-stage startups to growth-stage businesses.

“We have built and scaled a unique Connected Network of LPs and formed an ambitious internal team of engineers, operators, and investors to foster an ecosystem that holistically and comprehensively supports our founders as they build large, category-defining businesses,” according to the announcement.

Upon investing, 645 will tap the Network to help guide founders throughout their growth.

“This group engages with our best portfolio companies to chart similar paths of excellence,” the team says. “As we continue to scale, grow, and innovate in early-stage venture capital, we invite founders to join our community. Together, we can bring to life products, experiences, and services that will transform the world for the better.”