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Chemistry Ventures seeking $500M for second fund, already oversubscribed

Aggregated by BrevFeed startups Β· updated 1h ago
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Chemistry Ventures is raising $500 million for its second fund, as reported in an SEC filing. The firm, focused on early-stage startups in developer tools, fintech, and infrastructure, is already oversubscribed, indicating strong interest from investors.

Key points

Fundraising Details

Chemistry Ventures, a venture capital firm co-founded by Mark Goldberg, Ethan Kurzweil, and Kristina Shen, is raising $500 million for its second fund according to an SEC filing. This follows their initial fund of $350 million launched two years ago.

Investment Focus

The firm primarily invests in early-stage startups within developer tools, fintech, and infrastructure sectors. Notable companies in its portfolio include Granola, Decagon, Persona, Serval, and Nova Intelligence.

Background of Founders

Goldberg, Kurzweil, and Shen have backgrounds with prominent firms such as Index Ventures, Bessemer Venture Partners, and Andreessen Horowitz. Their combined experience aims to bring a unique perspective to their investments.

Market Response

The Wall Street Journal has reported that Chemistry Ventures' second fund is already oversubscribed, showcasing a strong interest and confidence from investors. It is expected that the fundraise will close soon.

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Reporting from

Chemistry Ventures is raising $500 million for its second fund, as reported in an SEC filing. The firm, focused on early-stage startups in developer tools, fintech, and infrastructure, is already oversubscribed, indicating strong interest from investors.