Crypto site Blockworks has raised $12 million

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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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.