Miami Tech & Startup News

SoftBank-backed QuickNode raises $5.3M seed round, led by Alexis Ohanian

SoftBank-backed QuickNode raises $5.3M seed round, led by Alexis Ohanian

QuickNode, the Miami-based startup that enables developers to more easily develop and scale blockchain apps, has raised a $5.3 million seed round led by Alexis Ohanian’s  Seven Seven Six fund.

SoftBank’s Opportunity Fund, Arrington XRP Capital, Crossbeam, Anthony Pompliano and others participated in the round . SoftBank announced its investment in QuickNode  during its announcement of its $100 million Miami initiative in January.

QuickNode’s mission is to help blockchain ecosystems scale by providing the core infrastructure. “Just like how Web 2 couldn’t have happened without cloud services like AWS, QuickNode will be the infrastructure for Web 3,” said Ohanian, who lives in Palm Beach County, in an interview with CoinDesk. “Having been an investor in crypto for nearly a decade myself, Seven Seven Six is very motivated to support startups lining themselves up to be the foundation of the new internet.”

Co-founded by Dmitry Shklovsky, Alex Nabutovsky, Auston Bunsen and Manuel Kreutz in 2017, QuickNode, a YC startup, plans to use the funding to expand its product line and grow its  team of 10.  

“We’re super thrilled to be working with such amazing partners to help build the future of the Internet. We hand-picked our investors for this round who understand the work we do and are passionate about blockchain and Web 3 technology,” Shklovksy, co-CEO of QuickNode, told Refresh Miami. “From Alexis Ohanian’s 776 fund and SoftBank’s SB Opportunity Fund, to Michael Arrington’s XRP Capital and Anthony Pompliano, We’ll be using the funds to build out our team, build out our platform, and enter new markets, so that we can deliver the best possible Web3 infrastructure service to our customers.”

QuickNode’s platform integrates with six networks — Bitcoin, Ethereum, xDai, Polygon (MATIC), Binance Smart Chain and Optimistic Ethereum — with more on the way. QuickNode currently serves over a billion requests per day, Bunsen said last week during a SoftBank event, and in 2020 the company grew its  revenue over 1,000%. Its hundreds of clients include data analytic firms CoinGecko, DappRadar and Dune Analytics and NFT platform Rarible. 

“When you’re marketing services to developers, you’re not going to win based on sizzle. You’re gonna have to win based on state [quality]. Is what you’re building actually a critical piece of infrastructure to these companies? And the numbers don’t lie when you see growth like this,” Ohanian said about QuickNode in an interview with Forbes

QuickNode co-founders  Dmitry Shklovsky (co-CEO), Manuel Kreutz (co-CTO),  Auston Bunsen (co-CTO), Alex Nabutovsky (co-CEO)

Follow @ndahlberg on Twitter and email her at [email protected]

Follow me