Tim Chen’s Essence VC firm is raising a new fund to back more infrastructure startups
By Taylor Soper
Published on March 10, 2026.
Tim Chen's early stage venture capital firm, Essence VC, is raising a new fund to back more infrastructure startups. The firm is aiming to raise about $7 million for the new fund, separate from the $41 million raised in the previous year. The new fund will allow the firm to lead larger pre-seed rounds and have more flexibility on deployment timeframes.
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