The world’s largest tech investors are pouring money into cryptocurrency infrastructure companies, as the growing industry struggles to keep up with new users.
Alchemy, which makes software for cryptocurrency developers, said on Tuesday its valuation had risen to $10.2bn after receiving a $200mn round of funding led by the private equity investor Silver Lake and venture capital company Lightspeed Venture Partners.
That announcement came a day after Polygon, an Indian company that offers software to lower the cost and friction of transacting on the popular ethereum digital ledger, raised $450mn in a sale of the company’s cryptocurrency tokens led by Sequoia Capital India.
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