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Alchemy Raises $80 Million Series B Funding At ½ Billion Dollar Valuation To Power The Blockchain Industry

Apr 28, 2021about 4 years ago

Amount Raised

$80 Million

Round Type

series b

San Francisco

Description

Alchemy, the leading blockchain developer platform powering over $30 billion in transactions for tens of millions of users in 99% of countries worldwide, today announced an $80 million Series B round of funding led by Coatue and Addition, valuing the company at 1⁄2 billion dollars. Other funds and high-profile business, technology, media, and entertainment investors such as DFJ Growth, the Glazer family, K5 Global, Genies, the Chainsmokers, and many others are also participating in the round, and joining existing Alchemy investors including Stanford University, Coinbase, Pantera Capital, SignalFire, Communitas Capital, John Hennessy, Charles Schwab, Reid Hoffman, Jerry Yang, and other industry leaders.

Company Information

Company

Alchemy

Location

San Francisco, California, United States

About

Alchemy is the world's leading blockchain developer platform and provides infrastructure and developer tools for the blockchain industry, powering over $30 billion in transactions for tens of millions of users in 99% of countries worldwide. The company is backed by Coatue, Addition, DFJ Growth, Stanford University, Coinbase, Pantera Capital, the Google Chairman, and founders and execs of Charles Schwab, Linkedin, Paypal, Yahoo, Dropbox, NYSE, and many more. Alchemy powers the top blockchain companies globally and has been featured in Bloomberg, TechCrunch, Wired, and numerous other media outlets.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech