Alchemy is a blockchain infrastructure company based in San Francisco, California, founded in 2017 by Nikil Viswanathan and Joe Lau. The company began as a developer platform for building on Ethereum and has since expanded to support more than a dozen blockchain networks. Its core product, often described as the "AWS of Web3," gives developers access to scalable node infrastructure, enhanced APIs, and monitoring tools without managing their own nodes. Alchemy serves as the backend for a significant share of decentralised application traffic globally.
Alchemy raised $80 million in a Series B round in 2021, followed by a $250 million Series C1 in early 2022 that valued the company at $10.2 billion. Investors in those rounds included Andreessen Horowitz, Coatue, Addition, and several notable angels. As a corporation with its own ventures arm, Alchemy has made strategic minority investments in Web3 projects aligned with its infrastructure business, accumulating a reported portfolio of around 20 companies. Public disclosure of individual deal sizes is limited.
Notable investments
- OpenSea – Alchemy powers a large share of OpenSea's on-chain reads and has a close infrastructure partnership with the NFT marketplace.
- Dapper Labs – an early customer and reported investment relationship, given Dapper's reliance on Alchemy APIs for NBA Top Shot traffic spikes.
- Arbitrum ecosystem projects – Alchemy expanded native support for Arbitrum and Optimism and has backed several L2-native developer tools.
Public information about the full list of Alchemy's 20 portfolio companies is limited. The firm does not maintain a public-facing venture page with confirmed deal disclosures.
Team
Nikil Viswanathan (CEO) studied computer science at Stanford and previously held engineering and product roles at Google, Apple, and Facebook. Joe Lau (CTO) also graduated from Stanford and worked at Google and Palantir before co-founding Alchemy. Both founders are repeat operators rather than traditional fund managers, which shapes Alchemy's investment style: it tends to back founders who depend on or extend its infrastructure stack, rather than running a broad financial mandate.
Recent activity
In 2023 and 2024, Alchemy launched Account Kit, a toolkit for ERC-4337 smart account abstraction, and Alchemy Dapps, a developer marketplace. These product extensions reflect a shift from pure infrastructure toward a broader Web3 developer ecosystem play. The company also introduced a grants programme supporting early-stage builders on its platform. As of early 2026, Alchemy has not announced a dedicated external venture fund with third-party limited partners; its investments remain balance-sheet-driven and strategic in nature.
Notable challenges include a highly competitive infrastructure market – Infura (ConsenSys), QuickNode, and Chainstack all contest the same developer base. The 2022 valuation of $10.2 billion reflected peak-cycle sentiment, and a mark-to-market reset is plausible given broader Web3 funding contraction through 2023–2024. There is no public evidence of a down round or distress, but the company has not announced fresh primary fundraising since early 2022.
Alchemy's investment activity sits closer to corporate venture and ecosystem development than to a traditional fund structure. Founders seeking infrastructure-aligned capital – particularly those building on EVM chains, working with account abstraction, or integrating NFT or token APIs – are its most natural portfolio fit. More detail on individual investments can be found on Crunchbase.
