In a significant move, Chemistry, a new venture capital firm, has raised a whopping $350 million for its debut fund, as reported by Forbes. The firm, launched by a trio of seasoned investors - Mark Goldberg, Kristina Shen, and Ethan Kurzweil - has already seen its fund oversubscribed by two times, according to sources familiar with the matter.

Chemistry plans to focus on early-stage startups, investing in Series A, seed, and other stages, across a range of categories including fintech, infrastructure, developer tools, and work software. Each partner aims to invest in two to three deals annually, with a hands-on approach, actively supporting each investment and working closely with founders.

The partners bring a wealth of experience, having previously backed notable companies such as LaunchDarkly, Plaid, and Twitch. This new fund is expected to make a significant impact in the tech and startup ecosystem, providing much-needed capital and guidance to innovative entrepreneurs.