The Miami-based blockchain infrastructure platform QuickNode has raised $35 million following the results of the Series A funding round.
Thus, Tiger Global led the investment round. Arrington XRP Capital, Alexis Ohanian’s Seven Seven Six, Soma Capital, Crossbeam and Anthony Pompliano also participated in it.
This comes on the heels of a $5.3 million seed round in March. In addition, the total amount of funds raised reached $45 million. Therefore, the company will use the funding to expand the product line and add support for new networks.
QuickNode was founded in March 2021 by Dmitry Shklovsky, Alexander Nabutovsky, Auston Bunsen and Manuel Kreutz.
QuickNode makes it easier for companies and software developers to set up and integrate with the blockchain infrastructure. The Miami-based startup reduces cost and shortens the process to just a few minutes.
Blockchain and cryptocurrencies are “devouring the world”
“Blockchain and cryptocurrencies are “devouring the world”. Companies from all verticals are considering the introduction of blockchain-enabled software in 2022 and beyond”; said Alex Nabutovsky, co-founder of QuickNode.
According to the press release, the firm processes more than 2 billion requests daily from 20,000 developers from more than 15 regions of the world. Moreover, among the clients are the creators of wallets, non-fungible token (NFT) marketplaces and digital asset managers.
Recall that earlier in September, the blockchain company Blockdaemon raised $155 million from SoftBank through Vision Fund 2 and other investors. “This latest large infusion of capital will ensure that we continue to revitalize existing financial infrastructure,” said Blockdaemon CEO and founder Konstantin Richter. “We are committed to a future of decentralized financial infrastructure and accelerating the ease of integration to bridge traditional banking to the crypto ecosystem.”