Web3 unicorn Alchemy is raising $12M in new VC funding

This article comes fromThe Blocksecondary title

Odaily Translator | Nian Yin Si Tang

Summary:

Summary:

- Web3 development platform Alchemy is seeking to raise $12 million in new venture capital funding, according to a new SEC filing.

- This Web3 unicorn had just completed its first acquisition.

Web3 development platform Alchemy is seeking to raise $12 million in venture capital funding, according to a new filing with the U.S. Securities and Exchange Commission (SEC). It has not been disclosed what the funds will be used for.

Alchemy co-founder and chief technology officer Joseph Lau is listed as an executive of the Alchemy SPV III Fund, the documents show.In February of this year,Alchemy closes $200 million funding round at $10.2 billion valuation
, Lightspeed and Silver Lake led the round, with participation from several existing investors. The company plans to use the new funds to promote Web3 adoption, with some initiatives including the launch of Web3 University, an open educational resource for learning about Web3, Alchemy Ventures and an NFT API for website developers.

Alchemy reports that since October last year, the number of Web3 initiatives built on its platform has tripled, and the daily number of API calls from Web3 applications connected to the platform has also increased by 6,000%. At the time of the fundraising, Alchemy told The Block that it had not yet tapped the reserves it had raised through previous funding rounds.Last October,Alchemy Announces $250 Million Series C Funding

It is reported that Alchemy is a company that provides development services for DeFi, NFT and other encryption projects. Alchemy announced at the end of April of the same year that it had completed a US$80 million Series B round of financing at a valuation of US$505 million. Coatue and Addition led the investment, and DFJ Growth, K5 Global, Chainsmokers (smoker combination), actor Jared Leto and the Glazer family participated in the investment.

Last December,Last December,Alchemy announces it is launching an investment arm focused on Web3

Alchemy declined to comment on the latest fundraising round.

secondary title

Web3 unicornsBefore this financing,Alchemy just acquired education startup ChainShot at the end of August

, the specific terms of the transaction were not disclosed. It is reported that this is Alchemy's first acquisition. ChainShot mainly provides coding training services for Web3 developers, and was a "hackathon" project at the ETHDenver conference in 2018. McCabe, the company's founder, said the company was self-reliant before the Alchemy acquisition; ChainShot declined to disclose the actual number of students it worked with, but said its student enrollment has grown by 180% since January 2022, with more than half of its students in Find a job within six months of graduating.

According to Alchemy's website, companies such as Adobe, Meta, Dapper, and Aave use Alchemy's services.

secondary title

Alchemy's venture capital arm

Alchemy’s new fund has yet to raise any money and has no investors involved, the documents show.Alchemy’s venture capital arm has previously invested in well-known crypto projects such as cryptocurrency exchange FTX, expansion solution Arbitrum and token management tool Alta, NFT market OpenSea and Dapper Labs.。

Raised $25M to Guide Startups and Developers Building in DeFi and NFT Spaces

Venture capital investment in the blockchain space has generally declined over the past five months, according to The Block Research. However, infrastructure investment is bucking the trend, with the concentration of seed rounds reaching the highest level since January 2021.It is worth mentioning that in June this yearForbes announces the list of the top 50 most innovative financial technology companies in 2022