Unveiling its latest cohort, Alchemist announces $4 million in funding for its enterprise accelerator
The enterprise software and services-focused accelerator Alchemist has raised $4 million in fresh financing from investors BASF and the Qatar Development Bank, just in time for its latest demo day unveiling 20 new companies. Qatar and BASF join previous investors, including the venture firms Mayfield, Khosla Ventures, Foundation Capital, DFJ and USVP, and corporate investors […] Continue reading Unveiling its latest cohort, Alchemist announces $4 million in funding for its enterprise accelerator
Founded as an enterprise alternative to accelerator stalwarts like Y Combinator, Alchemist Accelerator has managed to assemble a solid track record in its five years of operation. Going into batch 15, 159 companies have graduated from Alchemist, of which 89 have closed institutional rounds and 15 have been acquired.
Alchemist Accelerator has raised $2 million from GE Digital to start a new program for industrial IoT startups. Stanford lecturer Timothy Chou, formerly President of Oracle On Demand, will chair Alchemist’s new IIoT accelerator along with GE Digital’s West Coast group. In the past, enterprise hardware and software startups were seen as capital intensive, with the challenge of… 
The Alchemist Accelerator has closed a $2.5 million fund for very early stage investments in tech startups serving large organizations in an era when robotics, artificial intelligence and the internet of things are fundamentally changing the way they operate. Limited partners in Alchemists’ second fund included Johnson Controls, Ericsson, and Analog Garage, a VC arm of Analog… 
The accelerator and seed-stage fund for business to business startups, Alchemist Accelerator, and the curated co-working community called Rocketspace, have partnered up in a way that should help both expand their influence beyond the San Francisco Bay Area.