Alchemy platform has raised investments of $200 million

The company’s valuation rose to $10 billion at the end of the round

09.02.2022 - 11:25

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What’s new? Alchemy, a blockchain developer platform, has reported a successful additional Series C funding round, raising a total of $200 million from large companies and venture capital funds. The success of the fundraising campaign was due to the platform’s popularity among decentralized applications creators.

Excited to share our funding news!💰 $200M raise📈 $10.2B valuation🤝 Co-led by @lightspeedvp & @silverlake_newsA new chapter on our quest to bring Web3 to the world 🧵👇https://t.co/qAgJl62ZNM— Alchemy | We're Hiring! (@AlchemyPlatform) February 8, 2022

Who participated? The platform was backed by Silver Lake and Lightspeed Ventures, which led the round. Other participants include Pantera, Coatue, and Andreessen Horowitz. According to the results of the round, Alchemy’s valuation by investors reached an impressive figure of $10 billion.

What will the funds be used for? The funding raised in the additional round is planned to be used to increase the staff, as well as to further develop the ecosystem, including the work of the “Web 3.0 University” project. The further plans also aim to expand the functionality of the free version of the platform for blockchain developers.

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