QuickNode, the leading end-to-end development platform for Web3 builders, announced today the completion of a $60 million Series B investment round headed by 10T Holdings, with participation from 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 global expansion and to further empower the builders who are laying the framework for a decentralized, globally linked future.
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 faster 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 global brands.
QuickNode CEO and co-founder Alex Nabutovsky said on the announcement, “QuickNode is a staunch believer in Web3 as the Internet’s future. Blockchain usage and development continue to grow year over year, and we anticipate sustained growth in the industry.”
QuickNode will use this money to help accelerate the Web2 to Web3 transition at scale by providing developers with the education, performance, reliability, and deployability needed to onboard 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 workshops, and building cutting-edge Web3 solutions like QuickNode Marketplace.
Despite challenging markets in the broader Web3 field in 2022, QuickNode has achieved exceptional growth over the past year, with sales increasing by more than 300%. “Many of our customers have stated it best, “In a bear market we build,” and we’ve been happy with the adoption we’ve seen on QuickNode, especially in the last few months,” said Nabutovsky.
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, powerful 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.
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, powerful 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.
