QuickNode Raises $60M in Series B Round Led by 10T Holdings

QuickNode, a premier end-to-end development platform for Web3 builders, today announced the completion of a $60 million Series B fundraising round headed by 10T Holdings and included Tiger Global, Seven Seven Six, Protocol Labs, and QED, among others, valuing QuickNode at $800 million. This current amount of funding will be utilized to drive the Company’s worldwide development and to further empower the builders who are building the framework for a decentralized, globally linked future.

This Series B investment round headed by 10T Holdings follows QuickNode’s announcement of a $35 million Series A funding round led by Tiger Global in October 2021. During that period, the company has increased its user base by more than 400% and extended its staff by employing more than 90 additional team members from eight different countries. QuickNode presently offers industry-leading blockchain infrastructure on more than 16 blockchains, including elastic APIs, sophisticated analytics, and expert-crafted resources that enable a wide range of use cases – all supported by end-to-end support and world-class, SOC 2 certified security.

QuickNode has established itself as a pioneer for organizations and entrepreneurs in need of steadfast blockchain development tools that continuously rank best-in-class for speed, dependability, and security since its inception in 2017. The company effectively handles billions of blockchain calls each day, with a response time that is 2X quicker than competitors and a 99.99% uptime over 16 chains and 33 networks. Furthermore, QuickNode’s user-friendly interface and extensive multi-chain developer tool package have earned it the chosen choice of leading Web3 companies and worldwide brands.

QuickNode will use this money to assist grow the Web2 to Web3 movement by providing developers with the knowledge, performance, stability, and deployability needed to enroll the next billion blockchain users. QuickNode also intends to increase its focus on hiring the greatest brains from across the world, conducting community-driven events and seminars, and building cutting-edge Web3 solutions such as QuickNode Marketplace.

Despite facing hard conditions in the larger Web3 field in 2022, QuickNode has witnessed tremendous success in the last year, with sales increasing by more than 300%.

CEO and co-founder of QuickNode, Alex Nabutovsky, commented:

“At QuickNode, we firmly believe in Web3 as the future of the Internet. Blockchain adoption and development continue to increase year-over-year, and we expect continued momentum in the space.”

“Many of our clients have stated it best, ‘In a bad market, we build,’ and we’ve been happy with the adoption we’ve seen on QuickNode, particularly in the last few months,” Nabutovsky added.