‘Crypto AWS’ Alchemy Hits $3.5B Valuation in $250M Round Led by A16z

‘Crypto AWS’ Alchemy Hits .5B Valuation in 0M Round Led by A16z
Crypto infrastructure company Alchemy said Thursday it raised $250 million, padding an already hefty venture war chest for building out crypto’s Web3 stack.“We actually haven’t touched any of the money” from Alchemy’s $80 million Series B, announced in March, said co-founder Joe Lau, “because we’re profitable as a business.”Thursday’s Series C valued Alchemy, which provides developer services to decentralized finance (DeFi), non-fungible token (NFT) and other crypto projects, at $3.5 billion.Alchemy’s behind-the-scenes positioning makes it one of the most prolific rails for crypto infrastructure, though most end-users are unfamiliar with the brand. It focuses on Ethereum, its layers 2s and…