• QuickNode, an infrastructure provider for blockchain technology, has raised $60 million in a Series B funding round.
• The funding round was led by 10T Holdings, a digital assets-focused equity fund, with participation from Seven Seven Six, Tiger Global, and QED Investors.
• QuickNode plans to use the funds for growth and development of their platform and to accelerate blockchain adoption across the Web3 industry.
QuickNode, an infrastructure provider for blockchain technology, has raised $60 million in a Series B funding round. The round was led by 10T Holdings, a digital assets-focused mid to late-stage equity fund, with participation from Seven Seven Six, Tiger Global, and QED Investors. This significant funding will enable QuickNode to grow their team and expand their operations and tools.
The mission of QuickNode is to power the Web3 growth and increase blockchain adoption. With the fresh funds, the company plans to solidify its position as the most performant blockchain development platform. They will be focusing on developing tools and software solutions that can help accelerate the adoption of blockchain technology.
This is not the first time QuickNode has received funding. In 2020, they had raised $3 million in a seed funding round, which was led by Seven Seven Six. The company has also received backing from notable investors like Naval Ravikant, Balaji Srinivasan, and Fred Ehrsam.
The current funding round will be instrumental in helping QuickNode to further their mission. According to their blog post, the funds will be used to grow their team and scale their activities and tools. This will enable them to develop and improve their platform, which will help them to provide better services and products to their customers.
QuickNode is confident that the funding will help them to reach their goal of becoming the number one platform for blockchain development. They believe that this round of funding will help to accelerate their mission of bringing blockchain technology to more users and businesses.
This is an exciting time for QuickNode, and their success is a testament to the potential of blockchain technology. With this funding, the company will be able to continue its work in developing tools and solutions that help to make blockchain technology more accessible and easier to use. This will be beneficial for both businesses and individuals, as it will make it easier to build applications and services on the blockchain.