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

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.