Chemistry Ventures is raising $500M for its second fund
News Source
β’Tue, 07 Jul 2026 15:02:02 +0000
π° What Happened
Chemistry Ventures is raising $500 million for its second fund, according to an SEC filing. The venture capital firm was founded two years ago by alumni from Bessemer, Index Ventures, and Andreessen Horowitz. Its first fund was $350 million. The new fund is already oversubscribed and expected to close soon. Chemistry invests in early-stage startups working on developer tools, fintech, and infrastructure.
π The Backstory
The firm was founded by Mark Goldberg, Ethan Kurzweil, and Kristina Shen. Goldberg worked at Index Ventures, Kurzweil at Bessemer, and Shen at a16z. They started Chemistry to combine their experience at big VC firms into their own shop. Their portfolio includes Granola, Decagon, Persona, Serval, and Nova Intelligence. The jump from $350 million to $500 million shows strong investor confidence. It also shows that VC fundraising is still healthy despite economic uncertainty.
π― Why It Matters
When VC firms raise big funds, more money flows to new startups. That means more new apps, tools, and services coming your way soon.
Chemistry Ventures is raising $500 million for its second fund, according to an SEC filing. The venture capital firm was founded two years ago by alumni from Bessemer, Index Ventures, and Andreessen Horowitz. Its first fund was $350 million. The new fund is already oversubscribed and expected to close soon. Chemistry invests in early-stage startups working on developer tools, fintech, and infrastructure.
The firm was founded by Mark Goldberg, Ethan Kurzweil, and Kristina Shen. Goldberg worked at Index Ventures, Kurzweil at Bessemer, and Shen at a16z. They started Chemistry to combine their experience at big VC firms into their own shop. Their portfolio includes Granola, Decagon, Persona, Serval, and Nova Intelligence. The jump from $350 million to $500 million shows strong investor confidence. It also shows that VC fundraising is still healthy despite economic uncertainty.
When VC firms raise big funds, more money flows to new startups. That means more new apps, tools, and services coming your way soon.