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Data Collective, a venture capital firm focused on "deep tech," has added over $80 million to a pair of funds closed in early 2016. One of the funds is focused on early-stage companies, while the other is a sidecar for large-scale follow-on investments. The total capitalization of both funds now stands at $387 million.

Why it matters: Data Collective co-founders Matt Ocko and Zack Bogue tells Axios that the capital boost reflects how venture round sizes and lifecycles are getting larger and longer for complex enterprise tech companies.

Go deeper

8 Senate Democrats vote against adding $15 minimum wage to COVID relief

Photo: Stefani Reynolds/Bloomberg via Getty Images

Eight Democratic senators on Friday voted against Sen. Bernie Sanders' amendment to ignore a ruling by the Senate parliamentarian and add a $15 minimum wage provision to the $1.9 trillion COVID relief package.

The state of play: The vote was held open for hours on Friday afternoon — even after every senator had voted — due to a standoff in negotiations over the next amendments that the Senate will take up.

CDC: Easing mask mandates led to higher COVID cases and deaths

Customer at a supermarket chain in Austin, Texas. Montinique Monroe/Getty Images

Easing mask restrictions and on-site dining have increased COVID-19 cases and deaths, according to a study out Friday from the Centers for Disease Control and Prevention.

Why it matters: The report's findings converge with actions from governors this week easing mask mandates and announcing plans to reopen nonessential businesses like restaurants.