Crypto Media Outlet Blockworks Raises $12M at $135M Valuation

The round was led by private equity firm 10T Holdings.

AccessTimeIconMay 9, 2023 at 3:21 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto media outlet Blockworks has raised $12 million in a funding round led by private equity firm 10T Holdings at a $135 million post-money valuation. The capital will be used to help expand the outlet’s research and data analytics offering, Blockworks Research.

“For the past year, we’ve been building Blockworks Research, a powerful investment platform that brings together data, analytics, research, governance, and real-time news,” Blockworks co-founders Jason Yanowitz and Michael Ippolito wrote in an announcement post. “Financial institutions and deeply crypto-native investors rely on Blockworks Research to make better decisions. This investment allows us to double-down on this effort to bring better information to the industry.”

  • Crypto: The Game Is 'Cutthroat': Founder
    00:51
    Crypto: The Game Is 'Cutthroat': Founder
  • Would You Get Paid in Crypto?
    00:57
    Would You Get Paid in Crypto?
  • Crypto Tax: Everything You Need to Know
    11:59
    Crypto Tax: Everything You Need to Know
  • 3 Crypto Tax Tips
    00:53
    3 Crypto Tax Tips
  • Framework Ventures and Santiago Santos also participated in the round.

    The new investment comes during a particularly difficult time for crypto-focused publications due to the extended bear market and a number of high-profile scandals that have further rocked the industry. The Block revealed in December secret financial ties to Sam Bankman-Fried’s Alameda Research. And CoinDesk's parent company, Digital Currency Group, announced on Tuesday that it is looking to refinance the outstanding obligations owed to its bankrupt lending division Genesis.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.