Alchemy turns interest into $80m

Apr 29, 2021 • Robert Lavine

Stanford University returned for the cryptocurrency exchange infrastructure developer's series B round.

Alchemy, the US-headquartered creator of a blockchain developer platform, secured $80m yesterday in a series B round featuring Stanford University and valuing it at $505m.
Coatue and Addition co-led the round, which included cryptocurrency exchange operator Coinbase and avatar development technology provider Genies, as well as DFJ Growth, the Glazer family, K5 Global, the Chainsmokers, Pantera Capital, SignalFire, Communitas Capital and private investors John Hennessy, Charles Schwab, Reid Hoffman and Jerry Yang.
Founded in 2017, Alchemy produces the…

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