Blockworks, a Crypto Media Outlet, Secures $12M Funding at $135M Valuation

Blockworks, a crypto-focused media outlet, has secured $12 million in funding led by 10T Holdings, a private equity firm, with a post-money valuation of $135 million. The raised capital will be utilized to expand the company's research and data analytics platform, 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 were among the participants in this funding round.

This latest investment arrives at a challenging period for cryptocurrency-focused media outlets, which have been grappling with the prolonged bear market and several high-profile controversies that have shaken the industry. In December, The Block disclosed undisclosed financial connections to Sam Bankman-Fried's Alameda Research. Additionally, Digital Currency Group, the parent company of CoinDesk, recently announced plans to refinance the outstanding obligations of its bankrupt lending division Genesis.

Source Coindesk