Series C-1: Growing with the Community

Dear developers and builders,

Years ago, like many of you, we learned about blockchain and got excited about its potential to enable totally new types of applications. The promise of more open, transparent, and community-owned systems became clearer over the years, and by 2017, we were hooked.

We jumped in and started building. Only to immediately find out how incredibly hard it was to actually build a blockchain application.

At that time, there weren’t really developer tools or reliable infrastructure that you could build applications with. We were dismayed. Blockchain applications could change the world, but that didn’t matter if people couldn’t build them to begin with.

All our friends building in the space felt the same pain. We wanted to build cities and skyscrapers, but it was as if we only had shovels and pickaxes. We were going to need some power tools.

That’s when we realized the promise of blockchain would only play out if developers had the tools that they needed. And since those tools weren’t there already, well, we would build them. And so, in a small loft in San Francisco in 2017, Alchemy was born. Our mission: to make blockchain development accessible by providing the tools and infrastructure that developers would need.

Today, more than four years later, we’re excited to get to work with thousands of developers and teams building the future of Web3 and help support tens of millions of users all around the world. We’re humbled that so many of you have chosen to work with us, and honored to have played a small role in so many important companies and projects like OpenSea, Dapper Labs, 0x, Royal, Axie Infinity, and hundreds more. As NFTs, DeFi, DAOs, and the emerging metaverse have taken the world by storm, we’ve only gotten more excited, knowing that we’re all just getting started.

Through it all, our mission has stayed exactly the same as when we started: to make blockchain development accessible to every developer. Why do we care so much? It’s because we have always been developers and builders ourselves. We know exactly what it is like to try to build something from scratch. It is an exciting, challenging, and ambitious thing. It is a tremendous undertaking, and having been there ourselves, we want to help.

When we raised our Series C three months ago, we made a commitment to re-invest in the community. Since then, we’ve been hard at work on many initiatives, including these three that we’ve already launched:

• Web3 University, a free educational resource for developers entering the space

• Alchemy Ventures, to provide financing and resources for the next generation of companies

• A massively expanded free tier for developers just starting out

That was just the beginning. Today, we’re excited to share that we’ve raised $200M in a new round of financing led by Lightspeed and Silver Lake. We believe we’re just in the first inning of Web3 and blockchain, and we’ll be using this new round of financing to double down and continue to invest in the ecosystem that we all share.

We cannot wait to keep building together. As we continue to support this community, let us know how we’re doing. Please reach out to us on Discord or Twitter with any ideas or product feedback! And if you want to join us on our mission, we’re hiring!

To you, the builders: thank you for working with us, and keep on building! You are the creators of tomorrow, and we’re excited and honored to support you on this journey!

Thank you!

Joe and Nikil