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New venture capital firm Chemistry has raised $350 million for its first fund, Forbes I mentioned Wednesday.
The company was launched by Mark Goldberg, former partner at Index Ventures; Christina Chen, former general partner at Andreessen Horowitz; and Ethan Kurzweil, a former Bessemer partner (pictured above in that order). Axios Reported for the first time In April, the three were looking to launch a fund together.
A source familiar with the matter told TechCrunch that the First Chemistry Fund was oversubscribed by two times.
The company will invest in early-stage startups mainly at the Series A stage, but also at the seed stage, across categories including fintech, infrastructure, developer tools and business software. Each partner plans to invest in two or three deals per year.
“The three of us will actively support every investment” in the company Blog post He reads. “we They are the Wallet Services team, working in the trenches with our founders.
In previous roles, partners have supported notable companies, including LaunchDarkly, Plaid, Twitch, and others.
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