In Brief

Chemistry Ventures, the VC firm launched two years ago by Bessemer, Index Ventures, and Andreessen Horowitz alums, is raising $500 million for its second fund, according to an SEC filing.

Founded by Mark Goldberg, Ethan Kurzweil, and Kristina Shen, Chemistry launched with a $350 million fund and invests in early-stage startups building in AI, including infrastructure and apps. Its portfolio companies include Granola, Decagon, Persona, Serval, and Nova Intelligence. 

Goldberg previously worked at Index Ventures, Kurzweil with Bessemer, and Shen with a16z. The trio launched the firm to combine their experience working at large venture capital firms. 

The Wall Street Journal reports that the second fund is already oversubscribed and the fundraise is expected to close soon.

Chemistry did not immediately return a request for comment.

This story was updated to clarify the type of companies Chemistry invests in.