Alchemy Moons with $10b + Valuation
Alchemy exited the Venture Capital round and launched into the private equity category with a fundraise resulting in a $10.2 billion dollar valuation and an additional $200m in funding to quickly grow and scale the powerful web3 platform. Technically this follows the Series C they announced a few months ago and is classified as a “Series C-1.” The funding was led by Lightspeed and Silver Lake.
The goal of Alchemy is to be the defacto backend of blockchain and with over half a billion dollars of total investment, they are now well on their way.
Alchemy is a developer platform that helps companies to build reliable decentralized applications. Its mission is to provide developers with the fundamental building blocks they need to create the future of technology without the hassle of managing blockchain infrastructure in-house.
With nearly 200 exits, Lightspeed Venture Partners is a venture capital firm that engages in consumer, enterprise, technology, and cleantech markets. It focuses on seed, early-stage, later stage, expansion stage, start-up, growth companies, and incubation and specializes in debt financing for start-up and growth companies.
Silver Lake is a global technology investment firm focused solely on making large-scale investments in leading technology companies.
They are partners to world-class management teams who seek to use their capital and expertise to build and extend their market leadership. seeks to formulate its investments to enable growth and frequently employs
conservative capital structures designed to drive aggressive investment in new initiatives, innovation, and business expansion.
Their core investment thesis is that the technology industries represent an extraordinary yet under-exploited target for large-scale private investments. The firm also seeks to cultivate proprietary or specialized investment opportunities not typically available to generalist investors. It devotes its full scope of talent and intellectual capital to the singular mission of investing in the world’s leading technology, technology-enabled, and related growth businesses.
Silver Lake was established in 1999 by David Roux, Glenn Hutchins, Jim Davidson, and Roger McNamee and is based in Menlo Park, California.
