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QuickNode Closes Series A With $35 Million Funding

QuickNode Closes Series A With $35 Million Funding

QuickNode, a blockchain infrastructure platform building out technologies to support Ethereum, Bitcoin, Polygon, Binance Smart Chain, and Solana ecosystems, among others, has announced that it has recently closed its Series A financing round, receiving $35 million in funding.

The financing round was led by Tiger Global, a venture capital firm focused on investments for internet, software, consumer, and financial technology industries. The Series A for QuickNode also saw the participation of Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam, and angel investor Anthony Pompliano. According to previous data on QuickNode, the new round of funding follows its initial seed round in March earlier this year, which saw $5.3 million in investments, bringing the total amount of investments for the firm to $45.3 million.

“QuickNode's leadership in multi-chain support and vision to be the number one provider of blockchain infrastructure will help businesses build on trusted, low-latency, globally available infrastructure to serve billions of people over the next 5-10 years.” shares Tiger Global deal partner John Curtius.

Tiger Global’s investment strategies into the crypto and blockchain space has seen the company participating in financing rounds for organizations and firms such as Trading View (participation with a $298 million funding series), CertiK’s security platform ($24 million, lead investor), FAlconX crypto exchange, MoonPay, and the Sam Bankman-Fried-led FTX exchange, which has now amassed some $25 billion in projected valuation.

"Blockchain and cryptocurrency are eating the world. We are seeing businesses from all verticals looking at blockchain enabled software roll out in 2022 and beyond. It's beautiful to see the foundation of the new internet happening right before our eyes." shared Alex Nabutovsky, co-founder of QuickNode.

QuickNode's core team.

 

QuickNode was initially ideated as a startup at Y Combinator, one of the most prominent accelerators in the tech industry. The firm then graduated from the program in the same month it received seed funding. Dmitry Shklovsky, Manuel Kreutz, Auston Bunsen, and Nabutovsky form the core group of QuickNode’s founders.

“We're excited to be a firsthand witness to QuickNode's rapid growth, enabling more individuals and businesses to easily adopt blockchain technology. QuickNode is yet another example of Miami Tech excellence,” shared Alex Ohanian, co-founder of Reddit. Ohanian invested in the firm’s Series A round.

QuickNode’s core platform enables blockchain ecosystems to scale by serving accessible core infrastructure through elastic APIs and dedicated nodes and on-chain analytics.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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