Chemistry Ventures is raising $500 million for its second fund

Chemistry Ventures, the venture capital firm launched two years ago by Bessemer, Index Ventures and Andreessen Horowitz alumni, is raising $500 million for its second fund, According to an SEC filing.

Founded by Mark Goldberg, Ethan Kurzweil, and Christina Chen, Chemistry, with a $350 million fund, invests in early-stage startups to build development 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 company to combine their experience working at large venture capital firms.

The Wall Street Journal Reports The second fund is already oversubscribed and the fundraising is expected to close soon.

Chemistry did not immediately respond to a request for comment.