Blockchain Development Platform QuickNode Raises $35M

Blockchain development platform QuickNode has raised $35 million in a Series A funding round, the company said Wednesday.

The round was led by Tiger Global with participation from Alexis Ohanian’s Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano.

The Miami-based startup works to help developers build blockchain apps.

“This round is a major milestone that helps us deliver on our vision of growth in Web 3 through better infrastructure, improved tooling and greater accessibility across all blockchains,” QuickNode Vice President Amol Shah told CoinDesk in an email.

The company said it will use the new funds to expand its product offerings and support new chains, which it has done at a pace of “about one per month” since its $5.3 million seed round in May.

“The speed at which the team integrates new blockchains – especially non-EVM [Ethereum Virtual Machine] chains like Solana and Terra – is incredible, and serves as testament to their familiarity with the needs of blockchain developers today,” Arrington XRP Capital Partner Ninor Mansor told CoinDesk.

Read more: Reddit’s Alexis Ohanian Leads $5.3M Round for Web 3 Startup QuickNode

QuickNode works with a wide array of clients, ranging from non-fungible token (NFT) platforms like Rarible to traditional financial institutions, according to the company.

“We’re excited to be a firsthand witness to QuickNode’s rapid growth, enabling more individuals and businesses to easily adopt blockchain technology,” Ohanian said in a press release. “QuickNode is yet another example of Miami Tech excellence.”

Zack Seward contributed reporting.