Chemistry Ventures Doubles Down: $500M Fund Defies Consolidation Trend

Chemistry Ventures closed its second fund at $500 million—a 43% jump from its $350 million debut fund launched less than two years ago—despite an LP environment that has contracted capital toward established firms. The fund is oversubscribed and closing soon. The rapid growth signals that limited partners view Chemistry's early exits, particularly ComfyUI's $500 million valuation eighteen months post-seed, as sufficient proof to commit larger checks to emerging managers faster than typical.