Blockchain API Provider Alchemy Raises $200M at $10B Valuation
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Alchemy, a web platform that offers API services for Ethereum and other blockchain networks, has raised $200 million in a Series C-1 funding round at a valuation of $10.2 billion.

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Alchemy Co-Founder and CEO, Nikil Viswanathan, wrote in a blog announcement the round was led by Lightspeed and Silver Lake but did not elaborate on who else participated in the funding. The company plans to spend the proceeds to double down on Web3 initiatives and continue to invest in the ecosystem.

"We are humbled that so many of you have chosen to work with us, and honored to have played a small role in so many important companies and projects like OpenSea, Dapper Labs, 0x, Royal, Axie Infinity, and hundreds more," Viswanathan added.

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Founded in 2017, Alchemy helps developers to build decentralized applications. The San Francisco-based company already offers services to such space giants as OpenSea, SuperRare, Aave, SushiSwap, MyEtherWallet, and others, powering over $45 billion in transactions.

Besides Lightspeed and Silver Lake, Alchemy also has on its list of investors Andreessen Horowitz, Coatue, Addition, DFJ, and Pantera Capital.

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