Fenwick & West LLP advised Alchemy on the deal.
Alchemy, the leading blockchain developer platform powering over $30 billion in transactions for tens of millions of users in 99% of countries worldwide, announced an $80 million Series B round of funding led by Coatue and Addition, valuing the company at ½ billion dollars. Other funds and high-profile business, technology, media, and entertainment investors such as DFJ Growth, the Glazer family, K5 Global, Genies, the Chainsmokers, and many others are also participating in the round, and joining existing Alchemy investors including Stanford University, Coinbase, Pantera Capital, SignalFire, Communitas Capital, John Hennessy, Charles Schwab, Reid Hoffman, Jerry Yang, and other industry leaders.
Alchemy will use the new funding to expand its developer platform to support new blockchains, fuel global expansion, and to open new offices in the US and internationally.
The Fenwick transaction team was led by corporate partner Michael Esquivel (Picture) and included associates Will Black, Trevor Lovell and Shajee Rizvi.
Law Firms: Fenwick & West LLP;