Chemistry Ventures Management, LLC
We are an early-stage venture firm that leads investments from the first check through Series B.
In the firm's own words, from its website.
1 additional team member, 37 additional co-investors and affiliates, 31 additional investments, funds and LPs, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 vehicleon Form D, 18 months
$10M reported sold so far.
A Form D is filed when a vehicle takes its first money, so these are open to LPs now.
- 2 companiesnew in 12 months
2 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 4 dealswith Y Combinator
Invests most often alongside Y Combinator (4 shared deals) and Sequoia Capital (4 shared deals).
pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing Member Of Chemistry Ventures Gp I, LlcWhy: Named with investment responsibilityNo route on file yet
- Managing Member Of Chemistry Ventures Gp I, LlcWhy: Named with investment responsibilityNo route on file yet
- Managing Member Of Chemistry Ventures Gp I, LlcWhy: Named with investment responsibilityNo route on file yet
Relationship network
85 connected entities2 observed rounds
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Chemistry Ventures Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Chemistry Ventures Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
34 companies on record, 2 new in 12 months
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Noon | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
| Alteryx | portfolio listing | unknown | unknown | unknown | unknown | Sep 14, 2026 | Fact Firm website |
| Assorthealth | portfolio listing | unknown | unknown | unknown | unknown | Sep 14, 2026 | Fact Firm website |
- Sectors
- ai, energy
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
4 current, 0 departed
- Kristina Shen · Managing Member Of Chemistry Ventures Gp I, LlcWhy this person: Named with investment responsibility; Led 1 round on record
- Ethan Kurzweil · Managing Member Of Chemistry Ventures Gp I, LlcWhy this person: Named with investment responsibility
- Mark Goldberg · Managing Member Of Chemistry Ventures Gp I, LlcWhy this person: Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
- Managing Member Of Chemistry Ventures Gp I, Llc · led 1 round on record
- Managing Member Of Chemistry Ventures Gp I, Llc
- Managing Member Of Chemistry Ventures Gp I, Llc
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
3 vehicles, 0 LPs disclosed
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Chemistry Ventures Fund II-A, L.P. | Feeder or parallel | 2026 form d first sale | Newly closed | unknown | unknown | $10.0M of $10.0M | Jul 14, 2026 |
| Chemistry Ventures Fund I, L.P. | Fund | 2024 form d first sale | Newly closed | $383M Mar 20, 2026 | 78 | $355M of $355M | Oct 24, 2024 |
| Chemistry Ventures Fund II, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 of $500M | Jun 25, 2026 |
| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Hillman Family Foundations | FOUNDATION | Chemistry Ventures Fund I, L.P. | $60,000 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
67 co-investors · on 2 other DFX graphs
- 2026-10-014 shared deals · strong
- 2026-10-014 shared deals · strong
- 2026-10-013 shared deals · recurring
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Chemistry Ventures Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Chemistry Ventures Management, LLC sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
3 dated events, 55 observations from 3 sources
- Dec 20, 2024Chemistry Ventures Fund I, L.P.: first Form ADV report after its Form D first sale (2024-10-11) shows gross assets of $362.7M against $355.4M sold; at least a first close has happened (inferred)
- Dec 20, 2024Chemistry Ventures Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
- Dec 20, 2024Chemistry Ventures Fund I, L.P. first reported on Form ADV by Chemistry Ventures Management, LLC (Venture Capital Fund), GAV $362,678,571
Address, phone, Form ADV filing and ownersForm ADV filed Mar 20, 2026 · 1 private fundsShowHide
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- 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, adviser total
- $383Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $383M across 3 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $363M across 2 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $363M across 1 vehicle
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 20, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 20, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Dec 20, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 20, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 20, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Dec 20, 2024 | Fact | Form ADV |
| First Form ADV filing | 2024-12-20 | Mar 20, 2026 | Fact | Form ADV |
| First Form ADV filing | 2024-12-20 | Dec 20, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-20 | Mar 20, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-20 | Mar 20, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-12-20 | Dec 20, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 20, 2026 | Fact | Form ADV |
| SEC status effective | 2024-12-20 | Mar 20, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 20, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Dec 20, 2024 | Fact | Form ADV |
| Business phone | Mar 20, 2026 | Fact | Form ADV | |
| Business phone | Dec 20, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | no URL | |
| Description | Sep 14, 2026 | Fact | no URL | |
| Headquarters | San Francisco, CA | Mar 20, 2026 | Fact | Form ADV |
| Headquarters | San Francisco, CA | Dec 20, 2024 | Fact | Form ADV |
| Office address | Mar 20, 2026 | Fact | Form ADV | |
| Office address | Dec 20, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 20, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Dec 20, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | no URL | |
| Portfolio page | Sep 14, 2026 | Fact | no URL | |
| Private funds reported | 1 | Mar 20, 2026 | Fact | Form ADV |
| Private funds reported | 1 | Mar 20, 2026 | Fact | Form ADV |
| Private funds reported | 1 | Dec 20, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $383M | Mar 20, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $383M | Mar 20, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $363M | Dec 20, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 20, 2026 | Fact | Form ADV |
| Stated sectors | AI, energy “sector words on the home page” | Sep 16, 2026 | Fact | no URL |
| Stated sectors | AI, energy “sector words on the home page” | Sep 14, 2026 | Fact | no URL |
| Stated stages | early “stage words on the home page” | Sep 16, 2026 | Fact | no URL |
| Stated stages | early “stage words on the home page” | Sep 14, 2026 | Fact | no URL |
| Team page | Sep 16, 2026 | Fact | no URL | |
| Team page | Sep 14, 2026 | Fact | no URL | |
| Venture funds reported | 1 | Mar 20, 2026 | Fact | Form ADV |
| Venture funds reported | 1 | Mar 20, 2026 | Fact | Form ADV |
| Venture funds reported | 1 | Dec 20, 2024 | Fact | Form ADV |
| Website | Mar 20, 2026 | Fact | Form ADV | |
| Website | Dec 20, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | no URL | |
| Site title | Sep 14, 2026 | Fact | no URL |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $383M across 3 vehicles
- importance
- gav: $0 · funds: 0.25 · people: 0.44 · investments: 0.58 · co investors: 0.74
- active deployment
- investments 12m: 0.25 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-04-27
- emerging manager
- fund count: 3 · reported gav: $383M · first adv filing: 2024-12-20 · years since first filing: 1.8
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 52.8confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
- score 50.1confidence 90%Why: stage fit; activity; cap table
- score 40.1confidence 90%Why: stage fit; activity; cap table
+19 more scored matches
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Merged in2026-09-14
- Adviser's first ADV filing2024-12-20source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.