Blockchain dev platform Alchemy adds roster of angel investors to help lead company growth

Layer 1s • August 4, 2021, 10:30AM EDT
UPDATED: August 4, 2021, 11:01AM EDT
The Block

Blockchain development platform Alchemy has brought in several angel investors from different industries to advise and guide the company’s expansion efforts.  

The roster of investors includes individuals from the crypto space and beyond: Chainalysis founder and CEO Michael Gronager, DoorDash founder and CEO Tony Xu, Morgan Stanley president and COO Vikram Pandit, and Dreamworks co-founder Jeffrey Katzenberg to name a few. 

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The San Francisco-based company provides development and infrastructure tools for various NFT marketplaces including OpenSea, MakersPlace, and SuperRare, as well as notable NFT projects like CryptoPunks, Nba Top Shot, and Axie Infinity. 

“We’re seeing an explosion of new use cases, new types of users, and new products being built with NFT technology,” said Alchemy CEO Nikil Viswanathan. “Alchemy is excited to play a part in powering the NFT space.” 

The company raised $80 million in a Series B funding round three months ago, which valued the company at half a billion dollars. The platform launched publicly exactly a year ago.

About Author

Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.