Sunday, August 14, 2022

Infrastructure platform Quicknode raises $35M in Series A financing

189
SHARES
1.5k
VIEWS

Related articles



Quicknode, a Miami based mostly blockchain infrastructure platform, introduced the completion of a $35 million Sequence A spherical of financing on Wednesday, led by Enterprise Capital agency Tiger International. Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano additionally participated within the spherical. This follows a $5.3 million seed spherical again in March, and brings the overall funding within the firm to simply north of $45 Million. 

Quicknode was based by Dmitry Shklovsky, Manuel Kreutz, Auston Bunsen and Alexander Nabutovsky and graduated from Y Combinator in March of 2021. The platform at the moment helps ten blockchains, together with ethereum, bitcoin and solana with extra being added month-to-month. Reddit co-founder Alex Ohanian who invested within the spherical by his fund, stated in a press launch:

“We’re excited to be a firsthand witness to QuickNode’s speedy progress, enabling extra people and companies to simply undertake blockchain know-how. QuickNode is one more instance of Miami Tech excellence.”

Over the previous few years, Miami has emerged as a significant hub within the cryptosphere, with it’s Mayor Francis Suarez even unveiling a proposal to pay metropolis employees in bitcoin. YCombinator tweeted it’s congratulations as effectively, noting that the corporate’s shoppers now embody business giants Paypal and Coinbase. Tiger International deal associate John Curtius wrote in a press launch revealed by Quicknode:

“QuickNode’s management in multi-chain help and imaginative and prescient to be the primary supplier of blockchain infrastructure will assist companies construct on trusted, low-latency, globally out there infrastructure to serve billions of individuals over the following 5-10 years.”

Tiger International has contributed to a hefty variety of blockchain-based platforms and providers within the final yr. Cointelegraph reported earlier this month that the corporate participated a $298M spherical for monetary charting supplier, Buying and selling View. Previous to that, they led a $24M funding spherical for safety platform CertiK again in August of this yr. Different crypto investments in its portfolio include the FalconX crypto change, infrastructure provider MoonPay, and $25B powerhouse FTX.