• Quicknode, a Web3 infrastructure firm, raised $60 million in a Series B funding round, bringing its post-valuation to $800 million.
• The funding was led by 10T Holdings, with QED, Tiger Global, Alexis Ohanian’s Seven Seven Six, and Protocol Labs also participating.
• The funds will be used to further fuel blockchain adoption, streamline the Web2 to Web3 movement at scale, and develop Web3 offerings for the Quicknode marketplace.
Web3 infrastructure firm Quicknode recently announced that it has raised $60 million in a Series B funding round, bringing the company’s post-valuation to $800 million. The round was led by 10T Holdings, with QED, Tiger Global, Alexis Ohanian’s Seven Seven Six, and Protocol Labs also participating.
This latest round of funding will be used to further accelerate blockchain adoption, streamlining the Web2 to Web3 movement at scale. Quicknode plans to make new hires, as well as develop Web3 offerings for the Quicknode marketplace. Despite the crypto winter, the company has seen remarkable growth over the past year, with its revenue growing more than 300%.
„At Quicknode, we firmly believe in Web3 as the future of the Internet,“ said Alex Nabutovs, CEO of Quicknode. „This latest round will be used to accelerate the company’s global expansion and further empower the builders laying the groundwork for a decentralized, globally-connected future.“
The company has previously raised $35 million in a Series A round of funding in Oct. 2021, led by Tiger Global with Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam, and Anthony Pompliano also participating.
Quicknode claims to handle „billions of blockchain calls daily with 2X faster response time than competitors,“ such as Kaleido, Alchemy, Blockcypher, Velas, and Infura. The company aims to make blockchain technology more accessible to developers and businesses, allowing them to take advantage of the potential of the technology.
Nabutovs went on to say, „We are thrilled to have such an amazing group of investors join us. They bring invaluable expertise and resources that will help Quicknode continue to grow and scale, and we are looking forward to working with them to build a more resilient and connected world.“
With the new funding, Quicknode aims to further fuel blockchain adoption and expand its global reach. The company hopes to streamline the Web2 to Web3 movement at scale, allowing developers and businesses to take full advantage of the technology.
The company also plans to develop Web3 offerings for the Quicknode marketplace, allowing developers to access the tools and resources they need to build on the blockchain. It is clear that Quicknode is determined to make blockchain technology more accessible to the world, and this new round of funding could be the key to achieving that goal.