Chemistry Ventures Raises $500 Million as LPs Back Emerging Managers

Chemistry Ventures closed its second fund at $500 million, a 43% increase from its $350 million debut fund launched less than two years ago. The raise bucks a broader trend of capital consolidating around established firms. Oversubscribed and closing soon, the fund's growth reflects LP confidence in Chemistry's early exits—particularly ComfyUI's $500 million valuation just eighteen months after seed funding.