QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications.
The Series B raise, which valued QuickNode at $800 million, was led by venture capital firm 10T Holdings, with participation from Tiger Global, Seven Seven Six and QED, the company announced on Jan. 24.
QuickNode’s management said the capital would fund its global expansion and streamline the transition to Web3 “at scale,” which includes providing developers with the deployability required to onboard new blockchain users.
The Series B was the company’s most significant funding round since October 2021, when it raised $35 million as a seven-month-old startup. Between raises, QuickNode claims to have increased its user base by over 400%. The company currently provides infrastructure services for over 16 blockchains, including Ethereum, Matic, Optimism, Arbitrum and Solana.
Venture capital funding for blockchain projects has dried up recently, but Web3-focused plays continue to garner interest. As reported by Cointelegraph, Hong Kong investment fund HashKey Capital recently closed a $500 million funding round to back up-and-coming projects in the Web3 arena.
