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New York鈥檚 announced on Tuesday two new funds totaling $650 million.

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FirstMark V and FirstMark Opportunity Fund III will be used to invest in early-stage technology companies. While the firm invests in startups across the United States, Canada and Europe, it places the vast majority of its bets on companies closer to home. Boston, Toronto, Philadelphia, Ottawa, Columbus and Washington, D.C. are all part of its East Coast ecosystem.

鈥淭urbulent times are often the catalyst for deep change鈥攂e it product, technological, organizational, societal or otherwise,鈥� the firm said in a statement. 鈥淲e believe innovation can play a huge role in redefining what鈥檚 possible, and we look forward to working with the next generation of entrepreneurs changing the world for the better.鈥�

FirstMark, which was founded in 2008, has invested in companies that have gone on to earn unicorn status or go public, including , , and .

According to FirstMark V will be a $380 million fund to invest in early-stage companies and the Opportunity Fund III will be a $270 million fund for follow-on investments and certain growth-stage investments. That makes FirstMark V the firm鈥檚 largest fund yet, according to Crunchbase data.

The firm invests across consumer, enterprise and 鈥渇rontiers,鈥� that is, areas like genomics and cryptocurrency. Its most recent investments include , and , according to Crunchbase.

FirstMark also operates the FirstMark Platform, which has more than 50,000 members, to connect founders with expertise, support and customers.

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