Chemistry Ventures is working to raise $500 million for its second fund, according to an SEC filing. The San Francisco-based venture firm was launched two years ago by three investors with backgrounds at major firms: Mark Goldberg, Ethan Kurzweil and Kristina Shen.
The firm entered the market with a $350 million debut fund and focuses on early-stage startups in developer tools, fintech and infrastructure. Its portfolio includes Granola, Decagon, Persona, Serval and Nova Intelligence.
Background of the founders
Goldberg previously worked at Index Ventures, Kurzweil came from Bessemer, and Shen was previously at Andreessen Horowitz. The three started Chemistry to combine their experience from larger venture platforms. According to the Wall Street Journal, the new fund is already oversubscribed and could close soon. Chemistry did not immediately respond to a request for comment.
Source: techcrunch.com
