Alchemy, the crypto infrastructure company powering a wide-range of DeFi applications and NFT platforms, has nabbed a $10.2 billion valuation in a funding round that added $200 million to its coffers, the company announced Tuesday.
Led by Nikil Viswanathan and Joe Lau, the firm’s latest raise comes just a few months after a Series C round that valued the firm at $3.5 billion — yet another example of the frenzied pace of fundraising in private crypto markets. Unlike consumer-facing firms like FTX and OpenSea, which both became unicorns last year, Alchemy sits in the background of well-known crypto firms by offering APIs that enable them to build blockchain-powered systems.
Notably, private equity giant Silver Lake joined the cap table in this latest round. The firm — which has more than $90 billion in assets — led the investment alongside Lightspeed Venture Partners.
Read more: The Block
