Chemistry Ventures, a firm co-founded by venture capital veterans from Bessemer, Index Ventures, and Andreessen Horowitz, is seeking $500 million for its second fund. The new capital raise follows the successful deployment of its initial $350 million fund, launched two years ago.

The firm, led by Mark Goldberg, Ethan Kurzweil, and Kristina Shen, focuses on early-stage investments in developer tools, fintech, and infrastructure startups. Its existing portfolio includes companies such as Granola, Decagon, and Persona.

According to reports, the second fund is already oversubscribed, indicating strong investor demand and confidence in Chemistry Ventures' strategy. The fundraise is expected to close shortly.

This significant capital infusion positions Chemistry Ventures to continue backing emerging technology companies, potentially influencing the competitive landscape for early-stage tech funding and providing capital for innovative solutions in its target sectors.