The Alchemy Fund
Venture capitalPioneer Valley Β· Seed Β· 4 people tracked
Investment thesis
Alchemy invests in seed-stage ventures with enterprise potential in underserved markets outside major tech hubs. The firm identifies talented founding teams and helps upgrade business models, add differentiated technology, and establish operating strategies to create national-quality ventures. Rather than screening deals passively, Alchemy actively works with teams during critical formative stages, providing coaching, mentorship, and access to local resources. The firm targets ventures capable of reaching Series A maturity and $100M+ scale, remaining technology and sector agnostic while prioritizing projects with clear paths to positive cash flow using regional seed capital of $1β3M.
Source: firm website, verified Aug 6, 2026.
Team Β· 4 people
from the firm's website & public directoriesWhat they invest in
from 1 of 22 portfolio companiesDirect to Consumer Γ1E-commerce Γ1Enterprise Software Γ1Marketing Tech Γ1SaaS Γ1
HQs:United StatesΓ1
Investments Β· 22 tracked
founders shown can be your intro pathElectrochemical water purifier using patent-pending technology to remove contaminants including PFOA.
Develops a fumigation process that removes aflatoxins, molds, pests, and pesticide residues from grains and nuts.
Consolidated cybersecurity platform designed for small and medium-sized organizations without dedicated security teams.
Cloud-based property management platform helping multifamily operators reduce energy and operational waste.
3D-to-CNC software that converts SketchUp designs into tool paths for faster fabrication.
IoT device that reduces idling in long-haul trucks and commercial fleets.
Platform connecting commercial drivers with on-demand shift opportunities for quick cash compensation.
Fashion brand featuring minimalist, ethically-made women's apparel handcrafted in Europe.
Online platform delivering live yoga instruction with teachers guiding students in real-time.
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
PartnerChris SimsΒ· solo GP
Provides renewable energy and efficiency solutions to businesses and institutions through proprietary matching software.
Manufactures patented thermoplastic interconnecting clamps for aerospace wire harness management.
Develops breakthrough perovskite-based thin film solar cell technology for next-generation energy applications.
Weebly is a website and eCommerce platform that enables entrepreneurs to build, manage, and grow online stores with integrated tools for marketing, inventory, shipping, and analytics.
Direct to ConsumerE-commerceEnterprise SoftwareMarketing TechSaaSSan Francisco, US
David Rusenko(Founder/CEO)inChris Fanini(Founder/CTO)inDan Veltri(Founder/CPO)Roelof Botha(Director)John David Rusenko, Jr.(Executive Officer, Director)
PartnerChris SimsΒ· solo GP
Fund performance Β· per public LP disclosures Β· 4
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Alchemy Special Opportunities Fund IIILPs: California State Teachers' Retirement System, Maryland State Retirement and Pension System, Rockefeller Foundation | 2014 | β | 7.5% | 1.54x | 1.16x |
| Alchemy Special Opportunities Fund II, L.P.LPs: San Diego City Employees' Retirement System, Maryland State Retirement and Pension System | 2010 | β | 10.1% | 1.55x | 1.31x |
| Alchemy Plan (Estrellita) L.P.LPs: California State Teachers' Retirement System | 2002 | β | 3.6% | 1.17x | 1.17x |
| Alchemy Plan (City of Angels)LPs: Los Angeles City Employees' Retirement System | 1999 | β | 5.7% | 1.25x | 1.25x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does The Alchemy Fund invest at?
- The Alchemy Fund invests at the Seed stage.
- What is The Alchemy Fund's typical check size?
- The Alchemy Fund typically writes checks of $1M β $3M.
- What sectors does The Alchemy Fund focus on?
- The Alchemy Fund focuses on Sector Agnostic.
- Where is The Alchemy Fund located?
- The Alchemy Fund is headquartered in Pioneer Valley, US.
- Does The Alchemy Fund lead rounds?
- The Alchemy Fund typically participates in rounds rather than leading them.
Images
Co-investors Β· 44
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Founders Fund is a venture capital firm that invests in technology companies across sectors, backing companies such as Anduril and Palantir.
Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.
Greylock Partners is a venture capital firm that backs founders at the earliest stages, often as their first investor before a product exists.
Index Ventures is a venture capital firm that backs founders across the globe, investing in the people behind ideas from early through later stages.
Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.
Founder Collective is an early-stage venture capital firm focused on seed and pre-seed investments across all sectors.
Notable Capital is an early-stage venture firm that partners closely with founders, providing hands-on operational support through a platform team of experienced operators across hiring, sales, leadership development, storytelling, and engineering.
SV Angel is an investment firm that partners with and supports founders building transformative companies, providing long-term backing and close advisory relationships.
Sound Ventures is a venture capital firm that seeks to invest in the technology sector.
Union Square Ventures is a venture capital firm based in New York City that invests in companies at the edge of large markets being transformed by technological and societal pressures.
Goat Capital is a venture capital firm. Its public homepage lists its founders and a contact email but provides limited additional detail.
βΆ32 more co-investors
Precursor VenturesSignalFireTodd and Rahulβs Angel FundHack VCNot Boring CapitalPantera CapitalGSV AccelerationAwesome People VenturesHaun VenturesDragonflyMosaic VenturesCapital FactoryIVCGreenoaksAdverb VenturesScalar CapitalSamsung NextMantis CapitalAmbush CapitalLAUNCHub VenturesArchetypeWndrCoParaFi CapitalAlchemy VenturesTimespan VenturesForm CapitalPharos Capital GroupFirework VenturesFramework VenturesGreen Bay Ventures1/1 Capital1k(x)
Firms observed investing alongside The Alchemy Fund, from public investor directories.