Blockchain platform Alchemy raises 250M in Series C led by Andreessen Horowitz -Breaking
Alchemy, a San Francisco blockchain-web services company Alchemy has announced that it had acquired a $250 million Series C fundraising roundAndreessen Horowitz, the company’s leader, took over on Thursday. This brings its current value to $3.5 Billion.
This news comes on the heels of an April $80million Series B that valued the startup previously at $505 million. Pantera Capital, Redpoint, Lightspeed Venture Partners, Coatue, DFJ and Lee Fixel’s Addition also participated in the Series C round. According to founders Nikil Viswanathan and Jon Lau, the company is “very profitable” and thus far, has not spent any of that money, but plans to use the new capital to build a community around blockchain.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.