QuickNode raises $60M series B round for Web3 adoption

    • QuickNode is a Web3 platform creating 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 crew 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 response to 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 buyers who’ve backed QuickNode’s newest round embody Tiger Global and QED Investors.

    The mission is to energy Web3 progress

    Per QuickNode, the funding will assist spearhead additional adoption of the blockchain expertise throughout the Web3 trade.

    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 crew 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 crew by 300% whereas the person base expanded 400% in 2022. The firm plans to make use of the capital injection to develop its crew additional and make inroads throughout new markets around the globe.

    “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 an announcement.

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