Romanian blockchain company Bware Labs is getting acquired by Alchemy, the category leader in the Web3 infrastructure space

Blockchain developer platform Alchemy has acquired Bware Labs, the main company behind infrastructure provider platform Bware. The deal is expected to increase Alchemy’s headcount by about 25%. With the purchase, Alchemy will expand its operational base into Europe. Currently, its operations are mainly focused on the U.S., as it has its two headquarters in San Francisco and New York City.

Alchemy disclosed the acquisition without revealing the purchase price. However, company officials told CoinDesk this was its biggest acquisition to date, bringing on 41 developers and engineers from the Bware team and increasing Alchemy’s headcount to 190.

Alchemy is the category leader in the Web3 infrastructure space, with world-class APIs, software development kits, and tooling to make it easier for developers to build decentralized applications. Alchemy also offers a rollups-as-a-service product to power app chains, as well as digital wallet solutions to enable users to access Web3 applications in just a few clicks without the friction of gas fees. Alchemy has some of the best investors in the world supporting them, a strong financial position with ample runway, and some of the top engineers and leadership in the industry. 

„Joining forces allows us to continue building awesome products for developers while benefiting from Alchemy’s distribution. Alchemy runs a very similar business to ours but at a much larger scale. We consider this acquisition a huge milestone for Bware Labs and developers around the world!” said the company in a blog post.

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Bware Labs was founded in 2021 in Romania by five engineers. The company’s stated goal was to provide affordable blockchain tooling and infrastructure solutions to web3 developers.