Chemistry Ventures Raises $500 Million for Second Fund

Chemistry Ventures, a VC firm launched two years ago by Bessemer, Index Ventures, and Andreessen Horowitz alumni, is raising $500 million for its second fund, according to an SEC filing

Founders' Background

The firm was founded by Mark Goldberg, Ethan Kurzweil, and Kristina Shen. Goldberg previously worked at Index Ventures, Kurzweil with Bessemer, and Shen with a16z. The trio launched the firm to combine their experience working at large venture capital firms.

Portfolio Companies

Chemistry's portfolio companies include Granola, Decagon, Persona, Serval, and Nova Intelligence. These startups are building developer tools, fintech, and infrastructure, which aligns with the firm's investment focus.

The Wall Street Journal reports that the second fund is already oversubscribed and the fundraise is expected to close soon.

Fundraising Status

Chemistry did not immediately return a request for comment. Despite this, the fact that the second fund is already oversubscribed indicates a high level of interest from investors.

• The VC firm launched with a $350 million fund and has now doubled its target for the second fund.
• The firm's focus on early-stage startups building developer tools, fintech, and infrastructure positions it well for growth in the tech industry.
• The oversubscription of the second fund is a testament to the firm's strong reputation and investment strategy.