{"id":73006,"date":"2023-01-24T20:05:41","date_gmt":"2023-01-24T18:05:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73006"},"modified":"2025-09-09T11:41:48","modified_gmt":"2025-09-09T08:41:48","slug":"quicknode-a-blockchain-development-platform-has-raised-60-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/quicknode-a-blockchain-development-platform-has-raised-60-million\/","title":{"rendered":"QuickNode, a blockchain-development platform, has raised $60 million"},"content":{"rendered":"<p>QuickNode, a blockchain-infrastructure provider, has raised $60 million following a Series B funding round. Investors valued the company at $800 million.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">gm!<\/p>\n<p>We\u2019re beyond excited to announce that we have raised a $60 million Series B funding round led by <a href=\"https:\/\/twitter.com\/10TFund?ref_src=twsrc%5Etfw\">@10TFund<\/a> \u2014 with participation from Tiger Global, <a href=\"https:\/\/twitter.com\/sevensevensix?ref_src=twsrc%5Etfw\">@sevensevensix<\/a>, and <a href=\"https:\/\/twitter.com\/QEDInvestors?ref_src=twsrc%5Etfw\">@QEDInvestors<\/a>, among others \u2014 to fuel our next phase of growth and development! <a href=\"https:\/\/t.co\/aWAu4P3WhX\">pic.twitter.com\/aWAu4P3WhX<\/a><\/p>\n<p>\u2014 QuickNode (@QuickNode) <a href=\"https:\/\/twitter.com\/QuickNode\/status\/1617872366759211013?ref_src=twsrc%5Etfw\">January 24, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round was led by 10T Holdings. It also included: Seven Seven Six led by Alexis Ohanian, Tiger Global, Protocol Labs, and other venture firms.<\/p>\n<p>The startup raised funds amid the <a href=\"https:\/\/forklog.com\/en\/news\/how-the-collapse-of-ftx-and-alameda-research-will-affect-the-crypto-industry\">FTX collapse<\/a>. The Series B round began in September and closed in December of last year, noted CEO and co-founder Alex Nabutovsky.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cQuickNode had two record quarters in 2022 \u2014 Q3 and Q4. We had incredible demand and growth. Our revenue grew by more than 300% in the last year,\u201d said a senior executive.<\/p>\n<\/blockquote>\n<p>Threefold revenue growth buoyed QuickNode&#8217;s valuation. According to Nabutovsky, the company was valued at $250 million in October 2021, when <a href=\"https:\/\/forklog.com\/en\/news\/quicknode-raises-35-million-in-series-a-as-blockchain-infrastructure-provider-for-enterprises\">raised $35 million<\/a>. With the closing of the next round, the figure rose several times over.<\/p>\n<p>In the near future, the firm will use the raised funds to expand the team from 120 to 180 people, and to enter Asian and Australian markets.<\/p>\n<p>QuickNode intends to move to a decentralised model, issuing a governance token. It also plans to go public via an <span data-descr=\"initial public offering of the company\" class=\"old_tooltip\">IPO<\/span>.<\/p>\n<p>Founded in 2017, the firm provides multi-chain development tools for 16 ecosystems. Among its clients: BNY Mellon, Samsung, LG, Coinbase, Chainalysis and 1inch Network.<\/p>\n<p>QuickNode makes it easier for companies and developers to configure and integrate with blockchain infrastructure. The startup reduces this process to a matter of minutes.<\/p>\n<p>Earlier last year, Alchemy, a rival platform to QuickNode, <a href=\"https:\/\/forklog.com\/en\/news\/alchemy-the-infrastructure-blockchain-platform-raises-200m-at-a-10-2bn-valuation\">raised $200 million at a $10.2 billion valuation<\/a>. <\/p>\n<p>In April, the infrastructure blockchain startup <a href=\"https:\/\/forklog.com\/en\/news\/enterprise-blockchain-startup-blockapps-raises-41-million\">BlockApps<\/a> raised $41 million.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blockchain-infrastructure provider QuickNode has raised $60 million in a Series B round.<\/p>\n","protected":false},"author":1,"featured_media":73007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1402,1133],"class_list":["post-73006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-infrastructure","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73006"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73006\/revisions"}],"predecessor-version":[{"id":73008,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73006\/revisions\/73008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73007"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}