SCOOP: Alchemy is raising $12 million for a new venture capital fund, according to a recent SEC filing. It’s unclear, however, what the funds will be used for. camlearnscrypto and brandybetz report
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 to create a grant program to bootstrap startups and developers building in the decentralized finance or non-fungible token space.
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