OReilly Alphatech expands first fund

During the hype of the Web 2.0 Summit in San Francisco last month, with big-name speakers such as Ram Shiram and lavish after-parties featuring oxygen bars, scotch tasting and chocolate fondue fountains, nobody mentioned one little firm that upped its fund.O’Reilly AlphaTech Ventures (OATV), a firm formed as a partner to O’Reilly Media, the Summit’s promoter, has upped its inaugural fund size to $43.6 million, according to a recent regulatory filing. The firm had closed on $34.3 million from 19 investors in February.

O’Reilly Media, which publishes books and magazines and hosts tech conferences, launched the venture partnership at the end of 2005. The group is also one of the firm’s limited partners.

Other limited partners include TIFF Private Equity Partners 2006, the Omidyar Network Fund and Explore Holdings.

The firm has two partners: Bryce Roberts, a former associate at Wasatch Venture Fund, and Mark Jacobsen, an 11-year O’Reilly vet. Before O’Reilly launched its formal VC program, Jacobsen invested in Pyra Labs, makers of the popular blogging platform Blogger. Google bought Pyra for an undisclosed amount in 2003.

O’Reilly is one of several publishing houses to expand into venture investing. International Data Group (IDG), a large information technology publishing company, is the anchor limited partner for IDG Ventures, which has $1.4 billion under management. Also, Zero2IPO, a Chinese data aggregator and publisher of venture capital-related statistics, raised $6.2 million for an early stage venture fund over the summer.