QuickNode, which helps developers build blockchain apps, raises a $35M Series A led by Tiger Global, following a $5.3M seed round in May
Context & Ripple Effects
QuickNode’s Series A sits in a broader funding wave for blockchain infrastructure: Red Date raised for China’s BSN, while Blockdaemon and Tatum later raised for node management and developer tooling. QuickNode subsequently turned this financing path into a $60M Series B at an $800M valuation, with deployment tools used by named large platforms.
First-order effects
- QuickNode gains $35M in new capital and Tiger Global as lead investor, extending the company’s runway after its $5.3M seed round.
- The financing gives QuickNode greater capacity to build and sell its blockchain application infrastructure to developers.
Second-order effects
- Blockdaemon, which raised a $207M Series C for node management and staking, and developer-tool provider Tatum face a better-funded rival in the contest to become developers’ infrastructure layer.
- Tiger Global’s lead role makes blockchain infrastructure a more visible target for growth investors, alongside its later investment in crypto-native payments company BVNK.
Third-order effects
- If funding continues to cluster around node operations and developer tooling, blockchain application builders may increasingly depend on specialized infrastructure providers rather than operating underlying systems themselves.
- The later QuickNode round suggests investor attention can move from early developer-tool adoption to higher valuations for providers that demonstrate broad platform use.
The trend: Blockchain infrastructure is becoming a distinct venture-backed software layer, with node management and developer tooling competing to abstract away the complexity of building on-chain applications.