SEC filing shows Alchemy is raising $12 million for a new venture capital fund
Join Our Telegram channel to stay up to date on breaking news coverage Alchemy, a web3 developer platform, is planning to raise $12 million for a new venture capital fund. Alchemy is a heavy investor in the web3 sector through its VC division and a separate grants program. Alchemy to secure $12M for new VC fund In a filing with the US Securities and Exchange Commission (SEC) on September 9, Alchemy revealed its plans to secure this funding. The Alchemy SPV III fund has not commenced plans for raising the capital. In the SEC filing, Alchemy did not reveal the goal behind this fund. However, it has been revealed that the co-founder and CTO of Alchemy, Joseph Lau, will be the executive officer for the fund. Alchemy has been actively involved in investments related to the Web3 world. In December last year, the web3 developer company unveiled a VC division where capital would be invested in large crypto and web3 focused companies such as Dapper Labs and OpenSea. Buy Crypto Now...