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Alchemy Raises $80 Million Series B Funding At ½ Billion Dollar Valuation To Power The Blockchain Industry

PRIVATEApr 28, 2021

Amount Raised

$80 Million

Round Type

Series B

San FranciscoBlockchainCryptocurrency

Investors

Reid Hoffman

Description

Alchemy, the leading blockchain developer platform powering over $30 billion in transactions for tens of millions of users in 99% of countries worldwide, today announced an $80 million Series B round of funding led by Coatue and Addition, valuing the company at 1⁄2 billion dollars. Other funds and high-profile business, technology, media, and entertainment investors such as DFJ Growth, the Glazer family, K5 Global, Genies, the Chainsmokers, and many others are also participating in the round, and joining existing Alchemy investors including Stanford University, Coinbase, Pantera Capital, SignalFire, Communitas Capital, John Hennessy, Charles Schwab, Reid Hoffman, Jerry Yang, and other industry leaders.

Quick answer

Alchemy raised $80 Million in a Series B round, dated April 28, 2021. Investors: Reid Hoffman. Alchemy is based in San Francisco, California, United States.

How much did Alchemy raise?
Alchemy raised $80 Million in a Series B round on April 28, 2021.
Who invested in Alchemy?
Reid Hoffman is named as investors in this round.
What does Alchemy do?
Alchemy is a San Francisco-based company that implements clinical pharmacy programs.
Where is Alchemy based and how big is it?
Alchemy is based in San Francisco, California, United States. Fundz records about 308 employees.
Who are the decision-makers at Alchemy?
Fundz holds 5 contacts at Alchemy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

Companies in the same sectors as Alchemy that raised within 45 days of this round, from Fundz verified event records.

  • Ledger raised $380M (Funding Round) on June 10, 2021.
  • Ledger raised an undisclosed amount (Series C) on June 10, 2021.
  • Fold raised $13M (Funding Round) on May 27, 2021.
  • Neptune Digital Assets raised $32M on May 5, 2021.
  • Springcoin, Inc. raised $15M on May 3, 2021.
  • Bitdeer raised $12M on April 13, 2021.

Who to call at Alchemy, and when

A new round usually means Alchemy is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Alchemy raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Alchemy, from your own LinkedIn network

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Company Information

Company

Alchemy

Location

San Francisco, California, United States

About

Alchemy is a San Francisco-based company that implements clinical pharmacy programs. The company provides the physical, clinical, and digital infrastructure needed to build and operate in-house pharmacy programs. It focuses on serving clinics with large HIV and Hepatitis C patient populations. Alchemy aims to expand its offerings to include a mobile clinic program and a digital platform to streamline pharmacy operations.

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Related People

5 contacts
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Alchemy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.