Startup VC firm Chemistry has raised $350 million for its debut fund, Forbes reported Wednesday.
The company was founded by Mark Goldberg, a former partner at Index Ventures. Christina Shen, former general partner of Andreessen Horowitz; and former Bessemer partner Ethan Kurzweil (pictured above). Axios first reported in April that the three were planning to launch a fund together.
Chemistry's debut fund was twice as oversubscribed, people familiar with the matter told TechCrunch.
The firm primarily invests in early-stage startups at the Series A stage, but also invests in seed across categories such as fintech, infrastructure, developer tools and work software. Each partner plans to invest in two to three deals per year.
“All three of us actively support our respective investments,” the company's blog post said. “We are a portfolio services team, working on the ground with founders.”
In previous roles, the partner has supported notable companies such as LaunchDarkly, Plaid, and Twitch.