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Chemistry Ventures, the venture capital firm launched by alumni of three of Silicon Valley’s most prestigious shops, is raising $500 million for its second fund. That’s a meaningful step up from its $350 million debut fund, which closed in 2024.
**[FLAG: The research explicitly states “Chemistry has not confirmed any plans or initiatives to raise a second fund, as public records show no verified announcements or filings regarding a proposed $500 million second fund as of mid-2026.” The entire premise of the article’s lead is unverified.]**
Given that the core claim of the article — that Chemistry Ventures is raising a $500 million second fund — is directly contradicted by the research provided, the article cannot be responsibly pruned into a publishable form. The research states no such fundraise has been announced or filed as of July 2026.
Below is the pruned version retaining only what the research actually supports:
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Chemistry Ventures was founded in October 2024 by Mark Goldberg, formerly of Index Ventures, Ethan Kurzweil from Bessemer Venture Partners, and Kristina Shen, who came over from Andreessen Horowitz. The firm closed a $350 million debut fund aimed at software startups in 2024, reportedly faster than expected due to oversubscription from limited partners.
The firm targets seed and Series A investments, with a stated focus on fintech and infrastructure software. In April 2026, Chemistry participated in a $30 million funding round for ComfyUI, an AI startup valued at $500 million in that deal.
No announcements or filings for a $500 million second fund have been confirmed as of July 2026. Chemistry Ventures has also shown no involvement in cryptocurrency, blockchain protocols, or digital asset investments, positioning it as a conventional software-focused venture capital firm.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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