Notation Capital announced Wednesday that it has raised a second venture fund of $27 million, more than three times the size of its first fund.

The VC is also reclassifying what it is, eschewing the term “pre-seed” in favor of “first-check.”

“The terminology that founders must navigate for early-stage funding is as confusing as it’s ever been, so we hope our mission is crystal clear — to partner with technical founding teams in underestimated geographies on day zero, before the opportunity is obvious,” founders Nick Chirls and Alex Lines wrote in a Medium post Wednesday. “Notation is a ‘first check’ venture firm.”

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