Web3 infrastructure agency Quicknode raised $60 million in a Sequence B funding spherical, in line with an announcement the corporate made on Tuesday. The capital injection brings the corporate’s post-valuation to $800 million, and Quicknode says the funds might be used to “additional gas blockchain adoption.”
Quicknode Goals to Streamline Web2 to Web3 Motion With $60 Million in Sequence B Funding Led by 10T Holdings
On Jan. 24, 2023, Quicknode revealed it has raised $60 million in a Sequence B funding spherical led by 10T Holdings. Different collaborating buyers within the spherical included QED, Tiger World, Alexis Ohanian’s Seven Seven Six, and Protocol Labs. “This newest spherical might be used to speed up the corporate’s world growth and additional empower the builders laying the groundwork for a decentralized, globally-connected future,” Quicknode’s announcement mentioned.
Quicknode additionally raised $35 million in a Sequence A in Oct. 2021. That spherical was led by Tiger World, and Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam, and Anthony Pompliano additionally participated. Quicknode claims to deal with “billions of blockchain calls day by day with 2X sooner response time than opponents.”
Quicknode opponents embody corporations like Kaleido, Alchemy, Blockcypher, Velas, and Infura. The corporate detailed on Tuesday that the funds might be used to “streamline the Web2 to Web3 motion at scale.” The corporate additionally plans to make new hires and develop Web3 choices for the Quicknode market. Regardless of the crypto winter, the corporate added that “QuickNode has seen outstanding development over the previous 12 months with its income rising greater than 300%.”
“At Quicknode, we firmly consider in Web3 as the way forward for the Web,” Alex Nabutovsky, CEO and co-founder of QuickNode mentioned in a press release. “Blockchain adoption and improvement proceed to extend year-over-year, and we count on continued momentum within the house. The business is about to enter its subsequent period, and with this increase, we’re getting ready for mass adoption of blockchain know-how in 2023 and all through the remainder of the last decade. We’re proud to assist our clients scale to their full potential and transfer the business ahead,” Nabutovsky added.
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