Chemistry Ventures, a venture capital firm established two years ago by former partners from Bessemer Venture Partners, Index Ventures, and Andreessen Horowitz, is in the process of raising $500 million for its second fund, according to a recent filing with the Securities and Exchange Commission.
The firm was founded by Mark Goldberg, Ethan Kurzweil, and Kristina Shen, who previously held positions at Index Ventures, Bessemer Venture Partners, and Andreessen Horowitz, respectively. Chemistry Ventures launched its inaugural fund with $350 million, focusing on early-stage investments in sectors such as developer tools, fintech, and infrastructure. Its portfolio includes companies like Granola, Decagon, Persona, Serval, and Nova Intelligence.
Reports indicate that the second fund is already oversubscribed, with the fundraising expected to conclude shortly. Chemistry Ventures has not provided a comment on these developments.
The rapid oversubscription of Chemistry Ventures’ second fund underscores the strong investor confidence in the firm’s strategic focus and the expertise of its founding partners. This trend reflects a broader enthusiasm for venture capital investments in early-stage technology companies, particularly in areas like developer tools and fintech. As the firm continues to expand its portfolio, it will be interesting to observe how its investments influence the evolving tech landscape.
