- QuickNode is a Web3 platform growing instruments and software program options designed to speed up blockchain adoption.
- The firm raised its $60 million series B in a round led by 10T Holdings.
- QuickNode plans to make use of the funds to develop its staff and scale its actions and instruments.
QuickNode, a blockchain infrastructure supplier serving to to energy the Web3 ecosystem, has raised $60 million in a Series B round.
10T Holdings, a digital assets-focused mid to late-stage fairness fund, led the round, in accordance with particulars in a blog post printed on Tuesday.
The funding round additionally attracted participated from Seven Seven Six, a enterprise capital fund co-founded in 2020 by Alex Ohanian. Other traders who’ve backed QuickNode’s newest round embody Tiger Global and QED Investors.
gm!
We’re past excited to announce that we now have raised a $60 million Series B funding round led by @10TFund — with participation from Tiger Global, @sevensevensix, and @QEDInvestors, amongst others — to gas our subsequent part of progress and growth! pic.twitter.com/aWAu4P3WhX
— QuickNode (@QuickNode) January 24, 2023
The mission is to energy Web3 progress
Per QuickNode, the funding will assist spearhead additional adoption of the blockchain expertise throughout the Web3 business.
“With this funding, we will further solidify ourselves as the most performant blockchain development platform and accelerate our mission to support Web3 developers in building the foundation for a decentralized, globally connected future,” the QuickNode staff noted.
QuickNode, based in 2017, continued to see progress in 2022 regardless of the broader crypto market downturn that resulted within the collapse of some main crypto-focused firms.
After elevating $35 million in its series A round in October 2021, the blockchain platform grew its staff by 300% whereas the consumer base expanded 400% in 2022. The firm plans to make use of the capital injection to develop its staff additional and make inroads throughout new markets world wide.
“The Series B round, led by 10T, provides our tree with sufficient nutrients, allowing us the ideal opportunity to continue building and shipping useful, meaningful & innovative products which will power the Internet for decades to come,” Dmitry Shklovsky, co-founder of QuickNode mentioned in a press release.
