March 28, 2024

QuickNode Raises $60M at $800M Market Valuation

Article Reading Time:
1 min.

QuickNode Raises $60M at $800M Market Valuation

Blockchain development platform QuickNode has completed a $60 million funding round to expand its business. The company intends to attract more Web3 developers and users to the site.

The round was led by the venture capital company 10T Fund, and participants included companies such as Tiger Global, QED and Seven Six. QuickNode is now valued at $800 million. 

Company representatives stated that the receivedThe funding will be used for global expansion and will provide developers with new opportunities and tools to attract new users to the platform. The company currently provides infrastructure development services to 16 blockchains, including: Bitcoin, Ethereum, Solana, Matic Arbitrum, Optimism and others.

According to the chief operating officerQuickNode Jackie Kennedy, the rules of funding have begun to change - now funds are more demanding of the projects they finance, and pay more attention to performance indicators, rather than to the underlying technology. Therefore, fundraising has become more difficult.

The platform currently processes more than200 billion requests to the API, and the uptime, according to company representatives, is 99%. In the long term, the QuickNode team promises to make the platform much simpler so that anyone who wants to work with the blockchain can use it.

Earlier, the Hong Kong investment company HashKey Capital announced
on completing a $500 million funding round for its FinTech Investment Fund III.