QuickNode raises $60M series B round for Web3 adoption

• 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 workforce 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, in response to 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 buyers who’ve backed QuickNode’s newest spherical embrace Tiger World and QED Traders.

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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 World, @sevensevensixand @QEDInvestorsamongst 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 help Web3 builders in constructing the muse for a decentralized, globally linked future,” the QuickNode workforce 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 workforce by 300% whereas the consumer base expanded 400% in 2022. The corporate plans to make use of the capital injection to develop its workforce additional and make inroads throughout new markets all over the world.

“The Collection B spherical, led by 10T, gives our tree with enough vitamins, permitting us the perfect alternative to proceed constructing and transport helpful, significant & progressive merchandise which can energy the Web for many years to come back,” Dmitry Shklovsky, co-founder of QuickNode mentioned in a press release.