- 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 Collection B spherical.
10T Holdings, a digital assets-focused mid to late-stage fairness fund, led the spherical, based on particulars in a blog post printed 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 Buyers.
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We’re past excited to announce that we now have raised a $60 million Collection B funding spherical led by @10TFund — with participation from Tiger International, @sevensevensix, and @QEDInvestors, amongst others — to gas our subsequent section of development and growth! 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 know-how throughout the Web3 business.
“With this funding, we’ll additional solidify ourselves as probably the most performant blockchain growth platform and speed up our mission to assist Web3 builders in constructing the inspiration for a decentralized, globally linked 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 consumer 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 Collection B spherical, led by 10T, offers our tree with adequate vitamins, permitting us the perfect alternative to proceed constructing and transport helpful, significant & modern merchandise which can energy the Web for many years to come back,” Dmitry Shklovsky, co-founder of QuickNode stated in a press release.