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Crypto media outlet Blockworks raised $12 million in a funding round led by private equity firm 10T Holdings at a post-money valuation of $135 million. The capital will be used to help develop the point-of-sale research and data analytics offering, Blockworks Research.
Over the past year, we’ve built Blockworks Research, a powerful investment platform that brings together real-time data, analytics, research, governance and news, the co-founders wrote. of Blockworks, Jason Yanowitz and Michael Ippolito, in an announcement article. Financial institutions and deeply crypto-native investors rely on Blockworks Research to make better decisions. This investment allows us to redouble our efforts to bring better information to the industry.
Framework Ventures and Santiago Santos also participated in the round.
The new investment comes at a particularly difficult time for crypto-focused publications due to the prolonged bear market and a number of high-profile scandals that have further rocked the industry. The Block revealed secret financial ties to Sam Bankman-Frieds Alameda Research in December. And CoinDesk’s parent company, Digital Currency Group, announced on Tuesday that it was seeking to refinance outstanding obligations owed to its bankrupt Genesis lending division.
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