QuickNode raises $60 million in Series B round to further drive blockchain adoption
Miami, Florida, January 24, 2023 — QuickNode, the most efficient end-to-end development platform for Web3 builders, announced on January 24th the closing of a $60 million Series B funding round led by 10T Holdings, LLC and with participation from Tiger Global, 776, Protocol Labs, and QED, among others. This latest round values QuickNode at $800 million and will be used to accelerate the company’s global expansion and further empower the builders laying the foundation for a decentralized, globally connected future.
Since its establishment in 2017, QuickNode has established itself as a leader for enterprises and innovators who require resolute blockchain development tools that consistently rate best-in-class for speed, reliability and security – successfully handling billions of blockchain calls daily with 2x faster response times than competitors and 99.99% uptime across 16 chains and 33 networks. In addition, QuickNode’s user-friendly interface and robust multichain developer toolkit have made it the preferred choice among top Web3 enterprises and the largest global brands.
Alex Nabutovsky, Co-Founder and CEO of QuickNode, commented on the announcement:
“At QuickNode, we strongly believe in Web3 as the future of the internet. Adoption and development of blockchain continues to increase year on year, and we expect continued momentum in the area.”
With this funding, QuickNode will help streamline the Web2-to-Web3 movement at scale by providing developers with the education, performance, reliability and deployability required to bring the next billion blockchain users on board. QuickNode also plans to double down on hiring the best minds worldwide, host community-driven events and workshops, and develop cutting-edge Web3 offerings such as the QuickNode Marketplace.
Nabutovsky said:
“The industry is about to enter its next era, and with this surge we are preparing for the mass adoption of blockchain technology in 2023 and throughout the rest of the decade. We are proud to help our customers scale to their full potential and bring the industry going forward.”
Despite choppy waters in the wider Web3 space in 2022, QuickNode has enjoyed remarkable growth over the past year, with revenue growing more than 300%. “Many of our customers have said it best — ‘In a bear market we build’ — and we’ve been thrilled with the adoption we’re seeing for QuickNode, especially in recent months,” Nabutovsky said.
This Series B funding round led by 10T Holdings, LLC comes just over a year after QuickNode announced a $35 million Series A funding round led by Tiger Global in October 2021. In that time, it has grown its user base by over 400% and expanded its team by hiring more than 90 new team members in eight countries. QuickNode currently offers industry-leading blockchain infrastructure on over 16 blockchains, including elastic APIs, powerful analytics and expertly developed resources that enable a wide range of use cases – all backed by end-to-end support and world-class, SOC 2-certified security.
About QuickNode
QuickNode is building infrastructure to support the future of Web3. Since 2017, it has worked with hundreds of thousands of top developers and companies, helping scale DApps and providing high-performance access to 16-plus blockchains. For more information, please visit www.quicknode.com.
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