QuickNode Collects $60 mn In Investment

QuickNode, an end-to-end development platform that helps builders realise their Web3 visions, announced today that it has raised $60 million in new funding to accelerate its vision.

The Series B round, which values the startup at $800 million, deviates from the trend of smaller sums of money flowing into Web3 firms during the current crypto bear market.

QuickNode's round was led by 10T Holdings, a blockchain-focused investment firm known for being a key investor in many of the space's largest firms, including Kraken, Animoca Brands, and Gemini. Tiger Global, Reddit co-founder Alexis Ohanian's Seven Seven Six, Protocol Labs, and QED were also among those who participated in the round.

QuickNode's development tools include a comprehensive API suite for integrating decentralised apps (dapps) into major blockchains, as well as analytics and SOC 2-certified security with end-to-end support. The platform is ideal for bringing existing Web2 developers into the rapidly growing decentralised Web3 world.

The $60 million in funding will be used to accelerate QuickNode's global expansion, as well as to double down on global hiring and host community-driven events and workshops.

The funds will also be used to develop the QuickNode Marketplace, an online platform that allows users to search for and buy marketplace add-ons by chain, network, or type.

(With inputs from Shikha Singh)

8 days ago