Web3 Developer Platform Alchemy Is Raising $12M for New Venture Capital Fund

It’s unclear what the funds will be used for, as Alchemy has a history of making investments through its venture capital arm and a separate grants program.

By Cam Thompson, Brandy Betz

Sep 13, 2022 at 8:59 p.m. UTC

Alchemy CEO Nikil Viswanathan (Danny Nelson)

Yat Siu

Co-Founder and Executive Chairman

Animoca Brands

Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.

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Yat Siu

Co-Founder and Executive Chairman

Animoca Brands

Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.

Secure Your Seat

Cam Thompson

Cam Thompson is a news reporter at CoinDesk.

Follow @camgthompson on Twitter

Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

Yat Siu

Co-Founder and Executive Chairman

Animoca Brands

Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.

Secure Your Seat

Yat Siu

Co-Founder and Executive Chairman

Animoca Brands

Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.

Secure Your Seat

Web3 developer platform Alchemy is raising $12 million for a venture capital fund, according to a filing with the U.S. Securities and Exchange Commission.

The Alchemy SPV III fund has yet to start raising the capital. The form, filed on Sept. 9, didn’t specify the purpose of the fund. Alchemy co-founder and CTO Joseph Lau is listed as the fund’s executive officer.

Alchemy has a history of making Web3 investments through its venture capital arm and a separate grants program. Last December, the firm created a VC arm to invest capital into large crypto companies such as OpenSea and Dapper Labs. And in June, the firm raised $25 million to create a grant program to bootstrap startups and developers building in the decentralized finance (DeFi) or non-fungible token (NFT) space.

Alchemy declined to respond to CoinDesk’s request for comment.

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Cam Thompson

Cam Thompson is a news reporter at CoinDesk.

Follow @camgthompson on Twitter

Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

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Cam Thompson

Cam Thompson is a news reporter at CoinDesk.

Follow @camgthompson on Twitter

Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter