Chemistry Ventures is raising $500M for its second fund

Founded by Mark Goldberg, Ethan Kurzweil, and Kristina Shen, Chemistry launched with a $350 million fund, and invests in early-stage startups building developer tools, fintech, and infrastructure. 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.