Essence Venture Capital raises $41M, led by Timothy Chen

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Essence Venture Capital, led by solo investor Timothy Chen, has quietly closed its fourth fund at $41 million, up from $27 million in its previous fund. The raise was driven by strong demand from limited partners, spurred by Chen’s track record backing early-stage developer-tool and infrastructure startups, including Tabular, which was acquired by Databricks for $2.2 billion, and ComfyUI, which recently raised a $17 million Series A. AMOUNT: $41,000,000 HQ: #Seattle #Washington #VentureCapital #EssenceVC #TimChen #TradedVC

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