Crypto news site Decrypt spins out from parent after raising $10M

Cryptocurrency news site Decrypt has spun out from its parent company after raising a $10 million series A round and will use some of that money to hire journalists, reports Sara Fischer of Axios.

Fischer reports, “The company made around $1 million in revenue last year, and is expecting that to grow meaningfully this year, forecasting a possible bump to $5 million, said Alanna Roazzi-Laforet, publisher & CRO at Decrypt.

“It currently sees around 5 million monthly unique visitors, although executives acknowledge that traffic fluctuates as frequently as the crypto markets. “Crypto media clicks fluctuate like the crypto environment,” Roberts said.

“The company currently has 27 full-time employees and is looking to hire more on both the business and editorial sides with the new capital.”

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