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Alternative Assets  + Blockchain  + Crypto  + Digital Banking  + VC  |  January 24, 2023
Web3 Builder QuickNode Closes $60M Series B Round. Led by 10T Holdings
Joe Palmisano
By: Joe Palmisano

Web3 Builder QuickNode Closes $60M Series B Round, Led by 10T Holdings

QuickNode, a Web3 platform developing tools and software solutions designed to accelerate blockchain adoption, raised $60mn in a Series B funding round. The latest capital raise brings its valuation to $800mn – $200mn shy of unicorn status.

The round for the Miami-based startup was led by digital assets-focused equity fund 10T Holdings with participation from Tiger Global, Seven Seven Six, SoftBank, Protocol Labs and QED, among others.

The capital will be used to fuel QuickNode’s global expansion, as well as to enable the firm to double down on global hiring and host community-driven events and workshops.

After raising $35 million in its series A round in October 2021, the blockchain platform grew its team by 300% while the user base expanded 400% in 2022.

QuickNode’s blockchain development tools work across 16 notable Web3 protocols, including Ethereum, Bitcoin, Ethereum scaling network Polygon, Binance’s BNB Chain, Solana, Fantom, Celo, NEAR and xDAI.

Co-founded by Alex Nabutovsky, Dmitry Shklovsky, Auston Bunsen and Manuel Kreutz in 2017, QuickNode continued to see growth in 2022 despite the broader crypto market downturn that resulted in the collapse of some leading crypto-focused companies.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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