‘AWS for blockchain’ Alchemy boosts valuation to $3.5B with $250M raise
TechCrunch
OCTOBER 28, 2021
Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 billion. Andreessen Horowitz (a16z) led the financing, which was extremely competitive with a number of large venture firms clamoring to not only back the company, but lead the investment, according to sources familiar with the transaction. .
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