Chemistry Ventures Seeks $500M Fund II for AI Growth
VC firm Chemistry is raising $500M for its second fund to back AI and security startups. Analysis of Silicon Valley's tech investment landscape in 2026.
Silicon Valley venture capital firm Chemistry is in discussions to raise $500 million for its second early-stage fund. The firm plans to double down on seed and Series A investments in artificial intelligence, cybersecurity, and cloud infrastructure. The fundraising target comes amidst a gradual recovery in the tech investment landscape.
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Chemistry's partners have stated that they will prioritize startups focusing on practical enterprise AI applications with clear paths to revenue. The firm's first fund successfully backed several notable software startups, establishing its reputation as a high-conviction investor. The fund is expected to close by the end of the year, bringing Chemistry's total assets under management to nearly $1 billion.