Blockworks Announces $12M Fundraise at $135 Million Valuation
May 9, 2023
Rains represented New York City-based client Blockworks, in its $12M Series A financing at a $135M valuation led by 10T Holdings with participation from Framework Ventures and Santiago Santos. Blockworks is a financial media brand that delivers news and premium insights about digital assets to millions of investors.
In the announcement of the transaction, Blockwork’s CEO and co-founder Jason Yanowitz said, “Since we launched more than five years ago, the quality of crypto media and journalism has improved drastically. However, crypto research, data, and analytics remain fragmented across disparate platforms. Protocol financials and key metrics are kept shrouded in mystery, there are no widely accepted valuation frameworks, and governance is opaque and non-inclusive […] As Blockworks evolves from a media brand to a full-scale information platform, our community will continue to receive the unbiased, quality content they expect from Blockworks, and they’ll also get access to deep analytics, thoughtful research, valuation frameworks, and governance.”
The Rains deal team was led by Zack Shapiro.