Sierra Ventures has a new, albeit small, bag of cash.

The San Mateo, Calif.-based venture-capital firm has just closed its 10th fund at $145 million. This fund is only half of its previous one and has taken two years to close, according to a VentureWire report.

The firm currently has seven investing partners, although only four of them will go on to the new fund while the other three — Steven Williams, Peter Wendell, and David Schwab — will continue to manage prior investments without making new ones.

“There are many ways to organize a venture fund to make money. We have a deep belief that the maximum value creation happens in the early side of the venture cycle,” said Sierra Ventures managing director Tim Guleri to VentureWire. “It doesn’t take a massive firm of people or infrastructure for that strategy.”

Guleri also revealed that 60 percent of the previous fund’s limited partners have invested in this new one and that the fund will invest in early-stage software infrastructure startups as much as the firm did with the last fund.

So far, the firm has made six undisclosed seed investments and eight early-stage investments from this fund.

Some of its past investments include Hired, ElasticBox, TreasureData, Runnable, Bina Technologies, Adometry, and Alpine Data Labs.

Sierra Ventures was established in 1982 and had already invested over $1.5 billion prior to this new fund.