# Chemistry

> Chemistry is a San Francisco early-stage venture firm founded in 2024 by veteran investors Ethan Kurzweil, Kristina Shen and Mark Goldberg. Its $350 million first fund leads concentrated Seed and Series A investments, with capacity to support companies through Series B, primarily across AI-native enterprise software, fintech, developer infrastructure and healthcare technology. The firm sells founder attention as much as capital: all three managing partners say they work collectively on every investment, pairing institutional pattern recognition from Bessemer, Andreessen Horowitz and Index Ventures with a deliberately lean operating model.

- **Founded:** 2024
- **Headquarters:** San Francisco, United States
- **Founders:** Ethan Kurzweil (Co-founder and Managing Partner), Kristina Shen (Co-founder and Managing Partner), Mark Goldberg (Co-founder and Managing Partner)
- **Team size:** 9 people listed on Chemistry’s public team page as of August 2026; third-party employee estimates vary.
- **Products:** Chemistry Fund I, Portfolio support, Elements, Research and market theses
- **Notable:** Raised a $350 million debut fund in 2024; TechCrunch reported it was twice oversubscribed., The founders had collectively led nearly 100 investments, served on more than 50 boards and backed over a dozen unicorns before launching Chemistry., Led Datacurve’s $15 million Series A in 2025.

## Products & services

- **Chemistry Fund I** — $350 million early-stage venture fund leading investments from the first check, especially Seed and Series A, with support through Series B.
- **Portfolio support** — Hands-on company-building help from the partnership, including recruiting, customer introductions, strategy and founder counsel; the firm says all three managing partners support every investment.
- **Elements** — A San Francisco conversation and community series featuring operators, founders and leaders discussing technology, company building and adjacent fields.
- **Research and market theses** — Public essays on voice AI, developer platforms, AI security, synthetic research, agent infrastructure and other emerging investment themes.

## Achievements

- Raised a $350 million debut fund in 2024; TechCrunch reported it was twice oversubscribed.
- The founders had collectively led nearly 100 investments, served on more than 50 boards and backed over a dozen unicorns before launching Chemistry.
- Led Datacurve’s $15 million Series A in 2025.
- Co-led Assort Health’s financing of more than $22 million in 2025 with First Round Capital.
- Invested in Granola before its $125 million Series C announced in 2026.
- Co-led Yuzu Health’s $35 million Series A in 2026 with General Catalyst.
- Led Nova Intelligence’s Series A in 2026; the company reported $40 million raised across Seed and Series A.
- Made the largest check in firm history in Atoms’ $1.7 billion financing in July 2026.

## Latest updates

- **2026-07** — Chemistry announced an investment in Atoms, saying it was the largest check in firm history; Atoms’ $1.7 billion round was led by Andreessen Horowitz.
- **2026-05** — Chemistry led Nova Intelligence’s Series A alongside Accel, Conviction and SAP.io.
- **2026-04** — Chemistry co-led Yuzu Health’s $35 million Series A with General Catalyst.
- **2026-03** — Chemistry disclosed an earlier investment in Granola as the company announced a $125 million Series C.
- **2025-10** — Chemistry led Datacurve’s $15 million Series A for high-quality coding data used by foundation-model labs.
- **2025-07** — The firm published its thesis that AI-native developer tools could grow and monetize more like consumer platforms.
- **2025-04** — Chemistry co-led Assort Health’s financing with First Round Capital.
- **2024-10** — Chemistry publicly launched with $350 million for its first fund.

## Links

- Website: https://www.chemistry.vc
- LinkedIn: https://www.linkedin.com/company/chemistryvc
- Twitter/X: https://x.com/chemistry
- YouTube: https://www.youtube.com/@chemistryvc

---

Profile page: https://yespress.io/chemistry
Published by YesPress — https://yespress.io
Last updated: 2026-08-16