• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    App-Analytics-and-Data-Driven-Insights-Appedus

    Marketing 101 : Top App Analytics and Data-Driven Strategies

    In-app-purchases-and-in-app-subscriptions-Appedus

    In-App Purchases and Subscriptions

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      Feature-image-appedus

      Supercharge Your Fitness Journey with ‘Workout From Home’ by Dejan Nakarada-Kordic

      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

      The Rise of Mobile Payment and Financial Apps

      Adverse Effects Of UV Radiation

      6 Adverse Effects Of UV Radiation

      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

      How to Create a Mobile App Marketing Strategy That Works

      How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

      How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

      App-Analytics-and-Data-Driven-Insights-Appedus

      Marketing 101 : Top App Analytics and Data-Driven Strategies

      In-app-purchases-and-in-app-subscriptions-Appedus

      In-App Purchases and Subscriptions

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        Feature-image-appedus

        Supercharge Your Fitness Journey with ‘Workout From Home’ by Dejan Nakarada-Kordic

        The-future-of-mobile-virtual-events-and-webinars-appedus

        The Future of Mobile Virtual Events and Webinars

        The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

        The Rise of Mobile Payment and Financial Apps

        Adverse Effects Of UV Radiation

        6 Adverse Effects Of UV Radiation

        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Featured

      Alchemy, a blockchain platform, raises $250M and increases its valuation to $3.5B

      Blockchain and Web3 development SaaS business Alchemy has secured $250 million in a Series C financing. Earlier it has raised $80 million in Series A funding at a valuation of $505 million.

      by Editorial Team
      October 30, 2021
      in Featured, Funding, News-Curated
      Reading Time: 4 mins read
      1
      Alchemy
      Share on FacebookShare on Twitter

      Table of Contents

      • Main Highlights:
      • Internet Cloud Computing 
      • Alchemy’s Series C Funding

      Main Highlights:

      • Alchemy, a blockchain and Web3 development SaaS startup, has raised $250 million in a Series C fundraising round, valuing the company at $3.5 billion, exactly six months after collecting $80 million at a $505 million valuation.
      • According to Alchemy CTO and co-founder Joe Lau, the firm has been performing so well that it hasn’t even touched the $80 million raised in its Series B round.
      • Alchemy manages approximately $45 billion in transaction volume for businesses worldwide.
      • Despite its rapid expansion, Alchemy maintains a lean crew. It now employs 37 people.

      Alchemy, a blockchain and Web3 development SaaS startup, has raised $250 million in a Series C fundraising round, valuing the company at $3.5 billion. The funding round comes precisely six months after the company raised $80 million at a valuation of $505 million in its Series A fundraising round of $250 million. According to people familiar with the deal, Andreessen Horowitz (a16z) spearheaded the fundraising effort, which was quite competitive. Several notable venture capital firms competed to not only support the startup but also to lead the investment.

      Aside from the fact that Alchemy’s valuation has increased sevenfold in six months (equating to a gain of more than $500 million per month), the funding is remarkable for several other reasons. In the first place, it represents one of the most significant Web3/blockchain investments undertaken by a16z to date. As a demonstration of its commitment to the cryptocurrency field, the company announced the formation of a $2.2 billion cryptocurrency fund in June. (For those unfamiliar with Web3, a group of protocols led by blockchain tries to rethink how the Internet is wired at the backend to make it more secure.)

      Also significant is the fact that Alchemy has achieved something that most firms struggle with: financial viability. It’s “extremely profitable,” according to the CEO and co-founder Nikil Viswanathan. As demand for its offering soared and sales grew 15x since its last raise in April, he claimed it’d turned the corner recently. According to Alchemy CTO and co-founder Joe Lau, the firm has been performing so well that it hasn’t even touched the $80 million it raised in its Series B round.

      Alchemy

      Internet Cloud Computing 

      AWS (Amazon Web Services) conducted the Internet’s cloud computing for AWS (Alchemy). Developers considering establishing a product on top of a blockchain, or using conventional blockchain apps, will find a good starting point with the startup. A “required” developer tool removes the complexity and costs of infrastructure development while improving apps. In August of the following year, it will make its product available to the public.

      It now powers a wide range of transactions across practically every blockchain industry, including financial institutions, exchanges, and multi-billion dollar decentralized finance projects. Every central NFT platform, including MakersPlace, OpenSea, Nifty Gateway, super rare, and CryptoPunks, has soon adopted it as the technology behind their implementations. Other clients are dapper Labs, Axie Infinity, and Fortune 500 companies like Adobe, which recently signed a blockchain agreement. In addition, it caters to “the vast bulk of DeFi’s needs.”

      Alchemy fuels company transaction volumes totaling over $45 billion. This is an increase from the last rise in April, which was $30 billion. Since then, the number of blockchains powered by the company has increased. Demand has led them to expand their platform to incorporate more cryptocurrencies, including Polygon, Arbitrum, Optimism, and Flow.

      Viswanathan remarked that Alchemy had experienced a significant influx of fresh developers. He went on to say that Alchemy now has a lot more firms and teams using it, as well as more developers per team or company. Despite its rapid expansion, Alchemy has managed to keep its staff lean. There are now 37 people working there. Based in San Francisco, it has a New York office and remote workers all over the world.

      The company intends to devote the majority of its new resources to fostering a blockchain community. According to the company’s founders, alchemy got off to a good start in 2017, when the market was small, and many people still underestimated the field’s potential.

      In Viswanathan’s opinion, Alchemy has significantly influenced the current growth and adoption of blockchain technology. “A crucial driver” for the expansion of blockchain and Web3, according to Andreessen Horowitz (16z) general partner Ali Yahya. Alchemy is already “the de facto developer platform” for Web3.

      “Alchemy’s growth across all important metrics has been astonishing,” he stated in an email. Alchemy’s platform allows developers to construct blockchain products utilized by millions of people worldwide, same to how Microsoft and AWS established platforms to power the computer and internet sectors.

      Alchemy’s Series C Funding

      John L. Hennessy, Google’s chairman and former president of Stanford University, echoed Yahya’s comments and invested in the company’s most recent round. New investors Lightspeed Venture Partners and Redpoint also took part in the Series C funding. Several of Alchemy’s previous supporters have increased their commitment to the company. Alchemy has now raised around $345 million since its 2017 launch.

      The Glazer family (owners of the Tampa Bay Buccaneers and Manchester United), the Chainsmokers’ Mantis, former Yahoo CEO Jerry Yang, Coinbase, SignalFire, Samsung, Stanford University, Charles Schwab, LinkedIn co-founder Reid Hoffman, and others have all invested in the company in the past.

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      Trading Apps In Australia

      Top 10 Trading Apps In Australia

      Weekly Newsletter

      Top Apps This Week

      Feature-image-appedus
      Featured

      Supercharge Your Fitness Journey with ‘Workout From Home’ by Dejan Nakarada-Kordic

      by Editorial
      September 30, 2023

      In recent years, the demand for fitness and wellness apps...

      Read more
      The-Top-Mobile-App-Trends-to-Watch-for-in-2023-appedus

      The Top Mobile App Trends to Watch for in 2023

      March 2, 2023
      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      February 22, 2023
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      Feature-image-appedus

      Supercharge Your Fitness Journey with ‘Workout From Home’ by Dejan Nakarada-Kordic

      September 30, 2023
      Assessing-the-Risks-and-Realities-of-Accidents-Involving-Self-Driving-Trucks-Thehospitalitydaily

      AI Powered Truck Collision: Assessing the Risks and Realities of Accidents Involving Self-Driving Trucks

      September 29, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version