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Alchemy

Can a blockchain developer infrastructure platform become the definitive operating system for Web3 application development, from node APIs to wallets, bridges, and embedded crypto financial primitives?

Founded2017
HQSan Francisco, California, USA
Total raised$450M+
Latest roundSeries C-1, February 2022
Valuation$10.2B post-money (February 2022)
IndustryInfrastructure / BaaS
The story

Founded as a blockchain infrastructure platform (the 'AWS of Web3'), Alchemy provides node APIs, developer tools, and enhanced APIs to teams building decentralized applications. The company rapidly scaled to a $10.2B decacorn valuation by early 2022 on the strength of Web3 developer demand. Its product suite has expanded beyond raw node access to include wallets, bridges, rollup kits, and a dApp store — positioning Alchemy as a full-stack Web3 developer platform. More recently, the company has begun publishing on stablecoin treasury yield infrastructure, suggesting a potential expansion toward embedded crypto financial services for enterprise and fintech customers.

Last 12 months
2026-03
Product timeline
2017
Founded as a blockchain developer infrastructure platform, positioning as 'AWS for Web3'.· pivot
2021
Raised $250M Series C at $3.5B valuation; described as AWS of blockchain for dApp developers.· banking
2022
Raised $200M Series C-1 at $10.2B valuation led by Lightspeed and Silver Lake, becoming a decacorn.· acquisition
2022
Expanded product suite with Alchemy Bridge, Wallet, and Rollup Kit for developers.· banking
2026
Published thought leadership on stablecoin treasury yield infrastructure, signaling move toward helping fintechs earn yield on stablecoin holdings.· banking
The stack
Accounting gap: none