Blockworks, a media company that covers cryptocurrency, has raised $12 million at a $135 million post-money valuation, reports Sara Fischer of Axios.
Fischer reports, “The raise represents a bright spot for crypto media following a brutal year for the industry.
- The fall of FTX founder Sam Bankman-Fried and his crypto empire sent shockwaves through the crypto media sector last year.
- ‘There is a ridiculous amount of opportunity to capture market share right now within crypto media because a lot of our competitors are struggling,’ Yanowitz said.
“Details: The round is being led by 10T Holdings, a mid-to-late-stage growth equity fund, with participation from Framework Ventures, a venture capital firm focused on blockchain investments, and Santiago Santos, a crypto investor. Santos co-hosts a podcast with Yanowitz for Blockworks.”
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