Chemistry VC

ActiveVenture Capital

Updated: Dec 24, 2025 ·

About

Bringing institutional experience and start-up energy to every company we back. When we invest, you get the collective power of our team behind you.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2025	Golpo	$4.0M Seed	—	Comal Ventures, Northside Ventures, Y Combinator, Balaji Srinivasan
Oct 1, 2025	Datacurve	$15.0M Series A	—	Afore Capital, SignalFire, Wing Venture Capital
Oct 1, 2025	Anrok	$55.0M Series C	—	Khosla Ventures, Operator Collective, Sequoia Capital, Spark Capital
Oct 1, 2025	Nova Credit	$35.0M Series D	—	10100, 9Yards Capital, Anti fund, Electric Capital, General Atlantic, General Catalyst, Kleiner Perkins, Moderne Ventures, Nyca Partners, Paradigm, Unpopular Ventures, Venture Highway, Alex Rodriguez, Cory Levy, John Collison, Ken Howery, Louis Beryl, Patrick Collison
Aug 1, 2025	o1.exchange	$3.0M Seed	—	Alumni Ventures, Canvas Ventures, Industry Ventures, The House Fund, Thrive Capital, Mark Casady, Zachary Hargreaves
Jul 1, 2025	Ramp	$500.0M Series E	—	8VC, Afore Capital, Alumni Ventures, Andreessen Horowitz, Bessemer Venture Partners, BoxGroup, Caffeinated Capital, Canvas Ventures, Cherry Ventures, Construct Capital, Contrary Capital, Countdown Capital, Cubit Capital, Diaspora Ventures, FirstMile Ventures, Floodgate, Founders Fund, General Catalyst, Giant Ventures, Industry Ventures, Khosla Ventures, Launch House Ventures, LGF, Lux Capital, Pareto Holdings, Picus Capital, Ravelin Capital, Saga, Sequoia Capital, Seven Seven Six, Stash Ventures, Susquehanna Capital, The House Fund, Thrive Capital, Bradley Horowitz, Catherine Wood, Chafic Kazoun, Eduardo Alcalay, Harry Hurst, Javaughn Lawrence, Justin Mateen, Koen Koeppen, Lucas Medola, Mark Casady, Rob Meyerson, Scott Belsky, Teddy Citrin, Zachary Hargreaves
Jul 1, 2025	Savvy Wealth	$72.0M Series B	—	Alumni Ventures, Canvas Ventures, Collab+Currency, Foundation Capital, Founder Collective, Industry Ventures, North Island Ventures, Rock Ventures, The House Fund, Third Prime, Thrive Capital, Upfront Ventures, Vera Equity, David de Picciotto, Mark Casady, William Wolf, Zachary Hargreaves
Jun 1, 2025	Ramp	$200.0M Series E	—	8VC, Afore Capital, Alumni Ventures, Andreessen Horowitz, Bessemer Venture Partners, BoxGroup, Caffeinated Capital, Canvas Ventures, Cherry Ventures, Construct Capital, Contrary Capital, Countdown Capital, Cubit Capital, Diaspora Ventures, FirstMile Ventures, Floodgate, Founders Fund, General Catalyst, Giant Ventures, Industry Ventures, Khosla Ventures, Launch House Ventures, LGF, Lux Capital, Pareto Holdings, Picus Capital, Ravelin Capital, Saga, Sequoia Capital, Seven Seven Six, Stash Ventures, Susquehanna Capital, The House Fund, Thrive Capital, Bradley Horowitz, Catherine Wood, Chafic Kazoun, Eduardo Alcalay, Harry Hurst, Javaughn Lawrence, Justin Mateen, Koen Koeppen, Lucas Medola, Mark Casady, Rob Meyerson, Scott Belsky, Teddy Citrin, Zachary Hargreaves
Jun 1, 2025	Juniper Square	$130.0M Series D	—	Contrary Capital, Emil Capital Partners, Felicis Ventures, Flex Capital, Founders Fund, Nasdaq Ventures, Outcast Ventures, Redpoint Ventures, Ribbit Capital, Curtis Lee, Dylan Field, Scott Belsky, Tony Xu, William Hockey
May 1, 2025	Siro	$50.0M Series B	—	Alumni Ventures, CRV, Fika Ventures, Index Ventures, SignalFire, The Community Fund, Ding Zhou, Michael Stoppelman, Steve King
May 1, 2025	Slash	$41.0M Series B	—	Amara VC, Bond, BoxGroup, Company Capital, Felicis Ventures, FPV Fund, Goodwater Capital, Rick Yang, New Enterprise Associates, Shine Capital, Spark Capital, Susquehanna Capital, Justin Mateen, William Hockey
Apr 1, 2025	Persona	$200.0M Series D	—	Abstract Ventures, Alumni Ventures, Amino Capital, Balderton Capital, Bling Capital, C2 Investment, Contrary Capital, Kevin Ding, Emil Capital Partners, Founders Fund, Greenoaks Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Motier Ventures, Origins, Outcast Ventures, Primitive Ventures, Quiet Capital, Ribbit Capital, Saga, Tribe Capital, UpHonest Capital, Y Combinator, Curtis Lee, Dylan Field, Elad Gil, Kaushik Subramanian, Matt Bellamy, Mike Vernal, Samvit Ramadurgam, Scott Belsky, Sohail Prasad, Sue Xu, Tony Xu, William Hockey
Apr 1, 2025	ZAR	$7.0M Seed	—	1/1 Capital, Accel, Bessemer Venture Partners, Castle Island Ventures, Comal Ventures, Cyberstarts VC, Haun Ventures, Listen, M13, Tony Florence, Northside Ventures, Preston-Werner Ventures, Solana Ventures, Y Combinator, Balaji Srinivasan, Derrick Li, Tekin Salimi, Wayne Chang
Apr 1, 2025	BuyWander	$2.0M Seed	—	Andreessen Horowitz, Contrary Capital, Forefront Venture Partners, Gaingels, Geek Ventures, Next Play Ventures, Norwest Venture Partners, Pareto Holdings, Reshape Ventures, Streamlined Ventures, Tribe Capital, Unpopular Ventures, Y Combinator, Charlie Songhurst, Francis Santora, Jonathan Wasserstrum, Paul Forster, Ravi Grover, Vishal Rao
Mar 1, 2025	Norm AI	$48.0M Series A	—	Abstract Ventures, Alliance of Angels, Andreessen Horowitz, Atreides Management, Bain Capital Ventures, Bold Capital Partners, Commerce Ventures, Creative Juice, Curie.Bio, Exponent Founders Capital, Gradient Ventures, Khosla Ventures, Kindred Capital VC, Lightspeed Venture Partners, NFX, Operator Partners, The Community Fund, Uncorrelated Ventures, Gokul Rajaram, Jason Henrichs, Mark Cuban, Mengxi Lu, William Hockey
Mar 1, 2025	Kfobix	$30K Seed	—	FasterCapital, First Round Capital, Gigascale Capital, SOSV, Wireframe Ventures
Feb 1, 2025	Together AI	$310.0M Series B	—	Addition, Airbus Ventures, Alumni Ventures, BEENEXT, Canaan Partners, Cantos Ventures, James Hardiman, Exponent Founders Capital, First Round Capital, General Catalyst, Kindred Ventures, LGF, Lockheed Martin Ventures, Lux Capital, Main Sequence Ventures, Mischief Venture Capital, Morpheus Ventures, NEO, Offline Ventures, Salesforce Ventures, Saxena Capital, Sequoia Capital, Sequoia Capital China, Sierra Ventures, Tiger Global Management, Vouch Insurance, XYZ Venture Capital, Brandon Leonardo, Chad Nitschke, Garrett Koehn, Gordon Wintrob, Marc Benioff, Max Mullen, Sam Altman
Feb 1, 2025	Tofu	$12.0M Series A	—	9Yards Capital, Electric Capital, General Catalyst, Kleiner Perkins, Moderne Ventures, Nyca Partners, REMUS Capital, SignalFire, Union Square Ventures, Unpopular Ventures, Alex Rodriguez, Biz Stone, Jared Leto, Justin David Blau, Kevin Lin, Louis Beryl, Steve Chen
Nov 1, 2024	Radiant	$170.0M Series C	—	Afore Capital, Alumni Ventures, Andreessen Horowitz, Anorak Ventures, Boost VC, Canvas Ventures, DCVC (Data Collective), Draper Associates, Founders Fund, Industry Ventures, Initialized Capital, Lux Capital, The House Fund, Thrive Capital, Union Square Ventures, John M. Mueller, Kirill Silkin, Mark Casady, Sahin Boydas, Zachary Hargreaves
Oct 1, 2024	Zip	$190.0M Series D	—	186 Ventures, Accomplice VC, AirAngels, Angelic Ventures, Arrive, Baseline Ventures, Bond, Boston Seed Capital, CapitalG, Cedar Capital Group, Comal Ventures, CRV, Impellent Ventures, Innovation Endeavors, NextGen Venture Partners, NextView Ventures, Northside Ventures, Operator Collective, Predictive VC, Principia Growth Equity, The Hit Forge, Trajectory Ventures, Triangle Peak Partners, Tribeca Venture Partners, Vendep Capital, Village Global, VitalStage Ventures, Y Combinator, Balaji Srinivasan, David Chang, Derrick Li, Jeff Seibert, Jennifer Lum, Scott Belsky
Oct 1, 2024	HomeBoost	$4.0M Seed	—	Addition, FasterCapital, First Round Capital, Gigascale Capital, SOSV, True Ventures, Wireframe Ventures
Sep 1, 2024	Fuse Energy	$12.0M Venture Round	—	Comal Ventures, Northside Ventures, Y Combinator, Balaji Srinivasan, Derrick Li
Aug 1, 2024	Savvy Wealth	$16.0M Series A	—	Alumni Ventures, Andreessen Horowitz, Caffeinated Capital, Canvas Ventures, Industry Ventures, Lakestar, Operator Partners, The House Fund, Thrive Capital, Tiger Global Management, Y Combinator, Jerod Mayo, Mark Casady, Zachary Hargreaves
Jun 1, 2024	Norm AI	$27.0M Series A	—	Abstract Ventures, Andreessen Horowitz, Atreides Management, Bain Capital Ventures, Commerce Ventures, Creative Juice, Curie.Bio, Exponent Founders Capital, Gradient Ventures, Kindred Capital VC, Lightspeed Venture Partners, NFX, Operator Partners, The Community Fund, Uncorrelated Ventures, Gokul Rajaram, Jason Henrichs, Mark Cuban, Mengxi Lu, William Hockey
May 1, 2024	Cocoon	$5.0M Seed	—	Breakthrough Energy Ventures, Sophie Bakalar, FasterCapital, First Round Capital, Gigascale Capital, Lowercarbon Capital, SOSV, Wireframe Ventures

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Chemistry VC.

Leadership Team

Key people at Chemistry VC.

Deep Dive

High-Level Overview

Chemistry VC is an early-stage venture capital firm founded in 2024 that focuses on investing in software startups at the Seed and Series A stages. Their mission centers on providing founders with deep technical expertise and commercial insight, combined with highly engaged, hands-on support. Chemistry’s investment philosophy emphasizes a lean, founder-focused approach, committing fully to each portfolio company rather than scaling rapidly. They write checks typically ranging from $3 million to $30 million, averaging $10-12 million for Series A rounds. The firm aims to back startups that are building sustainable, long-term businesses in a challenging funding environment, especially where Series A rounds have become more difficult to secure. Chemistry’s impact on the startup ecosystem lies in their dedication to founder success through active partnership and operational support, distinguishing themselves from larger, less personalized funds[1][2][3][4].

Origin Story

Chemistry was founded in 2024 by three experienced venture capitalists: Ethan Kurzweil (formerly of Bessemer Venture Partners), Mark Goldberg (formerly of Index Ventures), and Kristina Shen (formerly of Andreessen Horowitz and Bessemer). Each partner brought a strong track record of investing in successful startups such as PagerDuty, Twitch, Plaid, and Sprig. The idea for Chemistry emerged from their shared conviction that early-stage venture capital should focus intensely on founder relationships and operational support rather than rapid fund scaling. They launched the firm with a debut fund of $350 million, aiming to provide the kind of attention and expertise founders expect from top-tier VCs but with a more personalized approach. This founding ethos is reflected in their commitment to being the portfolio services team themselves, with no intermediaries between investors and founders[1][3][4].

Core Differentiators

Unique Investment Model: Chemistry focuses exclusively on early-stage software companies, particularly Seed and Series A, with a hands-on, founder-first approach that eschews rapid scaling of the fund in favor of deep engagement.
Network Strength: The founding partners bring extensive networks from top-tier firms (Bessemer, a16z, Index), enabling introductions and support across product, hiring, and strategy.
Track Record: The partners have invested in and supported high-growth companies like PagerDuty, Twitch, Plaid, and LaunchDarkly, demonstrating a strong history of identifying and scaling breakout startups.
Operating Support: Chemistry partners act as an extension of the founding teams, providing strategic guidance on company culture, product roadmaps, hiring, and fundraising, often described by founders as akin to having co-founders or key early team members[1][2][4].

Role in the Broader Tech Landscape

Chemistry VC is riding the trend of a more disciplined and founder-centric venture capital environment, particularly in the post-2021 funding landscape where Series A rounds have become more challenging and seed-to-Series A timelines have lengthened. Their timing is critical as startups now need to build sustainable growth rather than rely on quick exits or inflated valuations. Market forces such as rising growth thresholds for IPOs and a more cautious capital environment favor firms like Chemistry that emphasize long-term value creation and operational partnership. By focusing on software startups and providing deep support, Chemistry influences the ecosystem by helping founders navigate tougher funding conditions and scale responsibly[1][2].

Quick Take & Future Outlook

Looking ahead, Chemistry VC is well-positioned to continue shaping early-stage software investing by doubling down on founder engagement and operational excellence. As market dynamics push startups toward longer runways and higher growth expectations, Chemistry’s model of deep partnership and selective investment will likely gain further relevance. Trends such as increased scrutiny on unit economics, sustainable growth, and developer-focused software platforms will shape their portfolio’s trajectory. Chemistry’s influence may evolve from a boutique early-stage fund to a recognized leader in founder-first venture capital, setting a standard for how early-stage investors can add value beyond capital[1][2][4].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Chemistry focuses exclusively on early-stage software companies, particularly Seed and Series A, with a hands-on, founder-first approach that eschews rapid scaling of the fund in favor of deep engagement.
Network Strength: The founding partners bring extensive networks from top-tier firms (Bessemer, a16z, Index), enabling introductions and support across product, hiring, and strategy.
Track Record: The partners have invested in and supported high-growth companies like PagerDuty, Twitch, Plaid, and LaunchDarkly, demonstrating a strong history of identifying and scaling breakout startups.
Operating Support: Chemistry partners act as an extension of the founding teams, providing strategic guidance on company culture, product roadmaps, hiring, and fundraising, often described by founders as akin to having co-founders or key early team members[1][2][4].