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

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.”

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.


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Brandy Betz

Brandy covered crypto-related venture capital deals for CoinDesk.

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