- QuickNode is a Web3 platform growing instruments and software program options designed to speed up blockchain adoption.
- The corporate raised its $60 million sequence B in a spherical 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 Sequence B spherical.
10T Holdings, a digital assets-focused mid to late-stage fairness fund, led the spherical, in keeping with particulars in a blog post revealed on Tuesday.
The funding spherical additionally attracted participated from Seven Seven Six, a enterprise capital fund co-founded in 2020 by Alex Ohanian. Different traders who’ve backed QuickNode’s newest spherical embrace Tiger International and QED Traders.
We’re past excited to announce that we now have raised a $60 million Sequence B funding spherical led by @10TFund — with participation from Tiger International, @sevensevensix, and @QEDInvestors, amongst others — to gas our subsequent part of development and improvement! pic.twitter.com/aWAu4P3WhX
— QuickNode (@QuickNode) January 24, 2023
The mission is to energy Web3 development
Per QuickNode, the funding will assist spearhead additional adoption of the blockchain expertise throughout the Web3 business.
“With this funding, we are going to additional solidify ourselves as probably the most performant blockchain improvement platform and speed up our mission to help Web3 builders in constructing the muse for a decentralized, globally related future,” the QuickNode crew noted.
QuickNode, based in 2017, continued to see development in 2022 regardless of the broader crypto market downturn that resulted within the collapse of some main crypto-focused corporations.
After elevating $35 million in its sequence A spherical in October 2021, the blockchain platform grew its crew by 300% whereas the person base expanded 400% in 2022. The corporate plans to make use of the capital injection to develop its crew additional and make inroads throughout new markets around the globe.
“The Sequence B spherical, led by 10T, offers our tree with ample vitamins, permitting us the best alternative to proceed constructing and delivery helpful, significant & revolutionary merchandise which can energy the Web for many years to come back,” Dmitry Shklovsky, co-founder of QuickNode stated in a press release.