Case Studies
3
min read

How Recruiting from Scratch partnered with Alchemy to grow their team and deliver business impact

November 13, 2023

About Alchemy's business

Alchemy was founded in 2018 to provide developers building blocks for creating the future of technology. Alchemy is the leading blockchain development platform, powering tens of millions of users worldwide and providing infrastructure and tools for anyone looking to build decentralized applications.

Organizations at the forefront of technology like OpenSea, Cryptokitties, Kyber, and Radar Relay rely on Alchemy to support their infrastructure needs.

The Challenge: Scaling without sacrificing quality

After receiving $80 Million in Series B funding, Alchemy needed to scale their engineering team quickly. With a goal to triple their engineering team in less than a year, there was “no way [we] could do that alone,” says 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 says. “We intend to keep our hiring bar very high, so we knew we were going to be very picky.” With no in-house recruiting team and a high bar for team-fit, Alchemy turned to Recruiting from Scratch’s services.

The Solution: Finding recruiting expertise

RFS partnered with Alchemy in 2019 to begin recruiting for their engineering, sales, and marketing teams. In that period of time, RFS became the main source of talent for Alchemy, placing several product managers and engineers from companies like Meta.

RFS worked with Alchemy every step of the way: building a pipeline, managing interviews, and closing the deal for engineers to join the infrastructure and backend teams. In the first half of 2021 alone, RFS worked with the Alchemy team to place six software and product roles.

The Results: Growing headcount by almost a third, substantial business impact, and a seamless hiring process

1. Alchemy's headcount grew by six engineers, increasing headcount by about a third during several critical months of 2021.

With help from RFS, Alchemy was able to increase headcount - and making several of their most key engineering team hires within the first few months of partnering with RFS.

2. Impact to the business bottom line.

Eight months after raising their Series B funding, Alchemy reached a $505 million valuation, and their most recently reported numbers place Alchemy at a valuation just over $10B. Alchemy is recognized as 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.

3. Smoother hiring process, saving hours of staff time.

RFS quickly internalized Alchemy's candidate requirements and sent personalized communication to source the most qualified individuals. Additionally, by tracking candidates throughout the hiring process, RFS stood out as a trusted partner that could successfully source and place top candidates.

Ready to write your own hiring success story like Alchemy? Let's get connected today.

Do you need talent or a job?

Let our team help you get where you need to be.

Learn more from our blog

Visit our blog