QuickNode reaches $800 million valuation in Series B round

Quick Take

  • Crypto infrastructure firm QuickNode raised $60 million and reached an $800 million valuation.  
  • The company was valued at $250 million in October 2021, co-founder and CEO Alex Nabutovsky told The Block.

QuickNode, a web3 infrastructure firm that provides blockchain development tools, reached an $800 million valuation in a $60 million Series B round.

Dan Tapiero's 10T Holdings led the round, with Alexis Ohanian's Seven Seven Six, Tiger Global, Protocol Labs, QED Investors and others participating, QuickNode announced Tuesday. As part of the deal, Tapiero is joining QuickNode's board of directors, Alex Nabutovsky, CEO and co-founder of QuickNode, told The Block in an interview.

QuickNode managed to raise funds during the FTX fallout. The company began raising for the Series B round in September and closed it in December, Nabutovsky said. This was possible because of QuickNode's growing business and demand for its services, Nabutovsky added.

"QuickNode had two record quarters — both Q3 and Q4 of 2022," he said. "We had an incredible amount of demand and growth. Our revenue grew more than 300% over the past year."

Founded in 2017, QuickNode provides multi-chain development tools across 16 blockchains. The company has some high-profile clients across web2 and web3, including BNY Mellon, Samsung, LG, Coinbase, Chainalysis and 1inch Network.

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