Alchemy joined the Unicorn Club on October 28, 2021, after raising a $250 million Series C funding round led by Andreessen Horowitz (a16z), valuing it at $3.5 billion. Headquartered in San Francisco, California, United States, Alchemy provides a blockchain development platform that powers major Web3 and NFT applications. The company has raised $564 million to date and employs between 11 and 50 people (as of July 2024).
Keep reading to learn how Alchemy is fueling blockchain innovation and Web3 scalability through its developer-focused infrastructure.
What Is Alchemy and What Does It Do?
Founded in 2013, Alchemy is a cloud-based blockchain development platform that offers tools and APIs for building decentralized applications (dApps). Its suite includes Ethereum APIs, blockchain data indexing, transaction monitoring, and debugging tools. Alchemy enables developers to create scalable blockchain products by handling node management, data reliability, and security, allowing teams to focus on product innovation.
Alchemy powers some of the most prominent NFT and DeFi platforms, serving as the backbone for Web3 applications like OpenSea, Dapper Labs, and Axie Infinity. Its mission is to make blockchain accessible to developers and enterprises worldwide by providing the core infrastructure for next-generation decentralized applications.
How Much Funding Has Alchemy Raised?
1. Series C
- Amount Raised: $250M
- Date: October 28, 2021
- Lead Investor: Andreessen Horowitz (a16z)
- Valuation: $3.5B
- Purpose: Accelerate blockchain infrastructure development and expand global operations.
2. Series C Extension
- Amount Raised: $200M
- Date: January 28, 2022
- Lead Investor: Silver Lake
- Valuation: $10B
- Purpose: Strengthen product offerings, scale enterprise solutions, and grow the developer ecosystem.
3. Earlier Rounds (Seed to Series B)
- Cumulative Funding: $114M
- Key Investors: DFJ Growth, Coatue, and Addition
- Purpose: Build foundational Web3 tools, enhance API reliability, and expand blockchain data services.
Total Funding Raised: $564M
Latest Funding Date: January 28, 2022
Latest Valuation: $10B
Employee Count: 11–50 (as of July 1, 2024)
Key Investors
1. Andreessen Horowitz (a16z)
- Details: Leading venture capital firm investing in transformative technology sectors, including blockchain, fintech, and AI.
- Focus Areas: Web3 infrastructure, decentralized finance (DeFi), and NFT platforms.
2. Silver Lake
- Details: Global investment firm focusing on technology and growth-oriented companies.
- Focus Areas: Cloud infrastructure, digital platforms, and blockchain technologies.
3. DFJ Growth
- Details: Growth-stage investment arm of Draper Fisher Jurvetson, supporting disruptive technology ventures.
- Focus Areas: Blockchain innovation, enterprise software, and developer tools.
Where Is Alchemy’s Headquarters?
Alchemy is headquartered in San Francisco, California, United States. Its headquarters drives product innovation, blockchain research, and developer support initiatives. The company’s global presence supports a growing ecosystem of Web3 developers and enterprises leveraging blockchain infrastructure at scale.
What’s Next for Alchemy?
Alchemy plans to expand its Web3 infrastructure services and enhance developer experience across multiple blockchains. With growing adoption of NFTs, DeFi, and enterprise blockchain solutions, Alchemy aims to empower developers with advanced APIs, analytics, and cross-chain interoperability. The company is also focusing on AI-driven blockchain monitoring and scalability solutions to support the next wave of decentralized innovation.
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