QuickNode raises $60M series B round for Web3 adoption

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  • QuickNode is a Web3 platform development tool and software solution designed to accelerate blockchain adoption.
  • The company raised its $60 million Series B in a round led by 10T Holdings.
  • QuickNode plans to use the funding to grow its team and scale its activities and tools.

QuickNode, a blockchain infrastructure provider that helps power it web3 Ecosystem has raised $60 million in Series B round.

10T Holdings, a digital asset-focused mid to late-stage equity fund, led the round, according to the details. blog post Published on Tuesday.

The funding round also drew attention from Seven Seven Six, the venture capital fund co-founded in 2020 by Alex Ohanian. Other investors backing Quicknode’s latest round include Tiger Global and QED Investors.

Mission is to power web3 development

According to QuickNode, the funding will help drive the adoption of blockchain technology in the Web3 industry.

,With this funding, we will further strengthen ourselves as the highest performing blockchain development platform and accelerate our mission to support Web3 developers in building the foundation for a decentralized, globally connected future.,” QuickNode Team noted,

QuickNode, founded in 2017, continues to see growth in 2022 despite a downturn in the broader crypto market that has resulted in the collapse of some major crypto-focused companies.

After raising $35 million in its Series A round in October 2021, the blockchain platform grew its team by 300%, while the user base is set to expand by 400% in 2022. Markets around the world.

“TeaThat Series B round, led by 10T, provides substantial nutrients to our tree, giving us the ideal opportunity to continue building and shipping useful, meaningful and innovative products that will power the Internet for decades to come.Dmitry Shklovsky, co-founder of QuickNode, said in a statement.

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