Alchemy, a San Francisco, California-based Blockchain and Web3 development SaaS startup, raised $250 million in a Series C funding round that values the company at $3.5 billion.
The round was led by Andreessen Horowitz (a16z), with participation from new investors Lightspeed Venture Partners and Redpoint. Existing backers Coatue, Lee Fixel’s Addition, DFJ and Pantera Capital.
The company plans to use its new capital mostly to invest in building a community around blockchain. The startup’s goal is to be the starting place for developers considering building a product on top of a blockchain or mainstream blockchain applications.
Company: Alchemy Insights, Inc
Round: Series C
Funding Month: October 2021
Lead Investors: Andreessen Horowitz (a16z)
Additional Investors: Lightspeed Venture Partners, Redpoint, Coatue, Lee Fixel’s Addition, DFJ, and Pantera Capital
Company Website: https://www.alchemy.com/
Software Category: Blockchain development platform
About the Company: Alchemy provides the leading blockchain development platform powering millions of users in 197 countries worldwide. Alchemy’s mission is to provide developers with the fundamental building blocks they need to create the future of technology. The Alchemy team draws from decades of deep expertise in massively scalable infrastructure, AI, and blockchain from leadership roles at technology pioneers like Google, Microsoft, Facebook, Stanford, and MIT. Backed by Stanford University, Coinbase, the Chairman of Google, Charles Schwab, and founders and executives of globally leading organizations, Alchemy powers billions of dollars of transactions for top companies around the world.