Alchemy joins Web3 decacorns club following $200M funding
The Web3 development platform's valuation saw a massive jump of $6.7 billion in just three months since Oct. 2021. Web3 development platform Alchemy announced a fresh round of $200 million funding, bringing up the company’s valuation to $10.2 billion, just above the decacorn threshold.The latest funding round was led by venture capital firm Lightspeed along with Silver Lake, an American global private equity firm. Alchemy’s funding also saw participation from previous major investors as well. As Cointelegraph previously reported in Oct 2021, Alchemy attained a $3.5 billion valuation....
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Alchemy raises $200 million in a Series C round, Hashstack launches collateral protocol on Harmony, and Bunny Finance forms DAO after a hack — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.As the DeFi space continues its technical resurgence, essential news on funding, innovation and DAOs continues to drive adoption in what remains a nascent industry.For the full version of this newsletter including longer, more descriptive analysis of the top stories this week, subscribe below: Alchemy raises $200M in....
Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue by 15x in the last six months, a testament to the impact it has caused on the ecosystem.
Alchemy Reaches $3.5 Billion Valuation
Alchemy, a web3 and blockchain infrastructure provider, has reached a milestone by raising $250 million in its series C funding round. The round was led by....
Alchemy, the pioneer of crypto infrastructure, raised its value to $3.5 billion with a $250 million Series C round of funding led by Andreessen Horowitz (a16z). Alchemy is the leading platform for blockchain and Web3 developers. Currently, they intend to reinvest in the ecosystem’s expansion. Alchemy has seen exponential growth in the past six months with revenues rising over 15 times. They pin their success to their main goal: “make building on the blockchain and Web3 so easy, anyone can do it.”; which turned out to have bigger demand than they expected, boosting their rapid growth. They....
PRESS RELEASE. The leading fiat-crypto payment solutions provider, Alchemy Pay (ACH) and the web3 app, STEPN (GMT), have announced a new collaboration. STEPN’s GMT token is now supported for use on Alchemy Pay’s hybrid fiat-crypto payment system that enables it to be spent at over 2 million merchant partners, online and offline, in more than 70 countries worldwide. STEPN is a web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. Built around an essential daily activity of movement and exercise, STEPN is the first project to effectively bring to life a functioning....
Polygon, an Ethereum scaling platform onboarding millions to Web3, has announced the addition of convenient and flexible fiat payment onramps for the Polygon Network, thanks to a new partnership with Alchemy Pay.
Alchemy Pay will create a bridge between fiat and crypto payments by embedding into the Polygon Network, enabling any Polygon-based protocol to set up a fiat on-ramp. The new capability is expected to propel the next phase of growth for Polygon’s DeFi ecosystem.
More than 4,000 hosted applications within Polygon’s DeFi ecosystem will now be....