DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Chemistry Ventures Management, LLC
Chemistry Ventures Management, LLC
Institutional venture firmSan Francisco, CAchemistry.vcSEC venture capital fund adviserfundraising evidence
We are an early-stage venture firm that leads investments from the first check through Series B.
venture manager, reported GAV $363M across 2 vehicles
Importance
34
moderate
Active deployment
90
high
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
26
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 421 BRYANT STREET, San Francisco, CA, 94107adviserinfo.sec.gov
- Business phone
- 617-480-8224adviserinfo.sec.gov
- Website
- https://www.chemistry.vc/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 20, 2026
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $383Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 617-480-8224adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
36 observed deals
Stated (the firm’s website)
- Sectors
- ai, energy
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 91%Other Technology 6%Business Services 3%
lead rate 50%follow-on rate 0%new logos, 12 months 36
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Chemistry Ventures Fund I, L.P. | Fund | 2024 form d first sale | Newly closed | $363M Dec 20, 2024 | 78 | $355M of $355M | Oct 24, 2024 |
| Chemistry Ventures Fund II, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 of $500M | Jun 25, 2026 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
6 current, 0 departed
Kristina Shen
Managing partnerManaging Partner
Kristina Shen
Managing partnerManaging Partner
Joey Kaplan
OtherPortfolio
Ethan Kurzweil
PartnerManaging Director · since May 1, 2024
Kristina Shen
PartnerManaging Director · since May 1, 2024
Mark Goldberg
PartnerManaging Director · since May 1, 2024
Investments on record
36 edges, 35 companies, 1 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
40 relationships from shared deals, counted for the whole firm
A-Star Partners, LLC 3 shared · recurringInstitutional Venture 3 shared · recurringSapphire Ventures, LLC 2 shared · recurringUncork Capital 2 shared · recurringIndex Ventures Sa 2 shared · recurringHeadline 2 shared · recurring · they led 1 · we led 1Next Legacy Management, LLC 2 shared · recurringEqual Ventures 2 shared · recurringPruven Management Company, LLC 2 shared · recurringElsewhere Partners, LLC 1 shared · one timeAfore Capital Management, LLC 1 shared · one timeSolari Capital Management LLC 1 shared · one timeThe GP Manager, LLC 1 shared · one timeSpider Capital 1 shared · one timeArdent Venture Partners, LLC 1 shared · one timeAdverb Ventures Management, LLC 1 shared · one timeTTV Capital 1 shared · one timeSouth Park Commons Management 1 shared · one timeArtisanal Ventures, LLC 1 shared · one timeSilverton Management, L.L.C. 1 shared · one timeShrug, LLC 1 shared · one timeFloodgate 1 shared · one timeManhattan West Asset Management, LLC 1 shared · one timeHorizon Founders Capital, LLC 1 shared · one timeHummingbird Ventures V US GP LLC 1 shared · one timeTwelve Below 1 shared · one timePropel Venture Partners Management Co. 1 shared · one timeLumia Capital 1 shared · one timeValuestream Ventures 1 shared · one timeHaun Ventures Management LP 1 shared · one timeTrue Ventures 1 shared · one timeStandard Crypto Management LP 1 shared · one timeNelstone Ventures Advisors 1 shared · one timeTAU Ventures, LLC 1 shared · one timeConstruct Capital Management, LLC 1 shared · one timeCastle Island Management, LLC 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timePillar Companies Management, LLC 1 shared · one timeRadical Ventures 1 shared · one timeVillage Global Management, L.L.C. 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
34 dated events
- Sep 16, 2026Yuzu no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceYuzuVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Wrapbook no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceWrapbookVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Wafer no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceWaferVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026twitch.tv no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencetwitch.tvVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Trmlabs no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceTrmlabsVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Tennr no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceTennrVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Goteleport no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceGoteleportVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Serval no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceServalVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Plaid no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePlaidVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Pilot no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePilotVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Withpersona no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceWithpersonaVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Pave LLC no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePave LLCVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Pangolin no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePangolinVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Pagerduty no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePagerdutyVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Novaintelligence no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceNovaintelligenceVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Newfront no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceNewfrontVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Motive, Inc. no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceMotive, Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Meticulous no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceMeticulousVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Manychat no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceManychatVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026LaunchDarkly no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceLaunchDarklyVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Integral Ad Science no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceIntegral Ad ScienceVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Hashicorp no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceHashicorpVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Granola, Inc. no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceGranola, Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026fin.ai no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferencefin.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Didero no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceDideroVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Decagon no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceDecagonVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Seel no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceSeelVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Comfy no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceComfyVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Bridge no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceBridgeVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Atoms no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceAtomsVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Assorthealth no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceAssorthealthVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Alteryx no longer listed on Chemistry Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceAlteryxVenture organization websites (about, team, portfolio, thesis, news pages)
- Dec 20, 2024Chemistry Ventures Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 20, 2024Chemistry Ventures Fund I, L.P. first reported on Form ADV by Chemistry Ventures Management, LLC (Venture Capital Fund), GAV $362,678,571Fund first reported on Form ADVFundsFactChemistry Ventures Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $363M across 2 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $363M across 1 vehicles
Evidence
41 observations from 3 sources