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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
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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.