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Case Study: Alchemy Partners with Recruiting from Scratch to Launch Exponential Growth

January 24, 2022


Alchemy was founded in 2018 and provides blockchain infrastructure and development tools, allowing businesses and developers to build decentralized applications utilizing blockchain technology. They are currently the leading blockchain development platform powering millions of users in 197 countries worldwide. Their mission is to provide developers with the fundamental building blocks they need to create the future of technology. Right now, many top projects in the space, including Augur, Cryptokitties, Kyber, Radar Relay, OpenSea, and others rely on Alchemy to support their core infrastructure needs.


Alchemy's challenge was building out their engineering team. Having recieved $80 Million in Series B funding, they needed to scale their engineering team incredibly quickly. Their goal was to triple their engineering team in less than a year and there was “no way [Alchemy] could do that alone,” said Rob Boyle, Product Manager at Alchemy. “With such a big raise like that, the faster you can convert capital into people the more the effects of having those people will compound,” Boyle continued, emphasizing the importance of fast scaling. “We intend to keep our hiring bar very high, so we knew we were going to be very picky.” With no in-house recruiters and having set a high bar and specifics for team fit, Alchemy turned to Recruiting from Scratch’s services.


Alchemy sought out help

Recruiting from Scratch partnered with Alchemy in 2019 to begin recruiting for their engineering, sales, and marketing team. Since, our team became the main source of talent for Alchemy, Recruiting from Scratch has placed several product managers and engineers, including Rob Boyle himself who worked at Facebook right before.

Recruiting from Scratch helps across the board

Recruiting from Scratch helps across everything from sourcing to running candidates through the pipeline, working with Alchemy on screening and helping place several engineers on their infrastructure and backend teams. Since the beginning of 2021, we have worked with the Alchemy team to help place 6 software engineers onto the Alchemy team.

Recruiting from Scratch and Alchemy continue to work together on several roles in engineering including Infrastructure Engineers, DevOps, Full Stack Engineers, Smart Contract and Product Managers.


Recruiting from Scratch finds top talent

“Boyle testified that Recruiting from Scratch helped Alchemy hire a bunch of very excellent people, shepherding them through the entire hiring process. This was vital to Alchemy's growth as the company would not have been able to quickly scale without Recruiting from Scratch on board.

Recruiting from Scratch's notable strengths

Boyle noted two strengths of Recruiting from Scratch’s services, making us stand out from other staffing agencies:

  • The first is that Recruiting from Scratch tracks candidates all the way through the process by staying on top of them from sourcing to hiring which has been helpful to Alchemy.
  • Secondly, Recruiting from Scratch quickly internalised Alchemy’s requirements of job candidates.

Where Alchemy is now

Alchemy recently raised $80 million in a Series B round of funding. As of now, in just 8 months, the company went from public launch to a $505 million valuation. They are the world leader in powering the majority of the NFT industry amounting to over $30 billion in transactions for tens of millions of users all over the world

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