QuickNode Closes $60 Million in Series B  

by Kay Aloha Villamor in January 26th, 2023

QuickNode, a Miami, Florida-based end-to-end development platform for Web3 builders, announced that it closed $60 million Series B funding.

The round was led by 10T Holdings, with participation from Tiger Global, Seven Seven Six, Protocol Labs, and QED, among others, valuing QuickNode at $800 million.

This latest round will be used to accelerate QuickNode's global expansion and further empower the builders laying the groundwork for a decentralized, globally-connected future.

With this funding, QuickNode will help streamline the Web2 to Web3 movement at scale by providing developers with the education, performance, reliability, and deployability required to onboard the next billion blockchain users.

The company also plans to double down on continuing to hire the best minds across the globe, hosting community-driven events and workshops, and developing cutting-edge Web3 offerings such as QuickNode Marketplace.

Alex Nabutovsky, CEO and co-founder of QuickNode, commented on the announcement, "At QuickNode, we firmly believe in Web3 as the future of the Internet. Blockchain adoption and development continue to increase year-over-year, and we expect continued momentum in the space."

QuickNode currently provides industry-leading blockchain infrastructure on over 16 blockchains, including elastic APIs, powerful analytics, and expert-crafted resources that enable a wide range of use cases — all backed by end-to-end support and world-class, SOC 2-certified security.

Company: QuikNode, Inc.

Raised: $60.0M

Round: Series B

Funding Month: January 2023

Lead Investors: 10T Holdings

Additional Investors: Tiger Global, Seven Seven Six, Protocol Labs, and QED

Company Website: https://www.quicknode.com/

Software Category: Blockchain Development Platform 

About the Company: QuickNode is a Web3 infrastructure platform that helps developers and businesses build, launch, and scale blockchain-powered applications. QuickNode worked with hundreds of thousands of top developers and companies, helping scale dApps and providing high-performance access to 16+ blockchains. Since its founding in 2017, QuickNode has established itself as a leader for businesses and innovators requiring resolute blockchain development tools that consistently rate best-in-class for speed, reliability, and security. QuickNode's user-friendly interface and robust, multi-chain developer tool suite have made it the preferred choice of top Web3 businesses and the biggest global brands. The company’s mission is to help blockchain ecosystems scale, by providing accessible core infrastructure.

Source: https://www.prnewswire.com/news-releases/quicknode-raises-60m-series-b-round-to-further-fuel-blockchain-adoption-301729160.html

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