Blockworks Secures Funding to Expand Crypto Data and Infrastructure Operations

Blockworks, a crypto data and infrastructure company based in New York, has completed a Series A extension that values the company at $192 million.

The funding round was led by ParaFi Capital and Reciprocal Ventures, with Coinbase Ventures, Advancit Capital, MoonPay Ventures, and other investors participating. The exact amount of money raised was not disclosed.

Over 20 founders and operators from Blockworks' customer base invested in the round, including leaders from Solana, Jito, LayerZero, Arbitrum, Kraken, EigenLayer, Polygon, ZKsync, Berachain, and Pudgy Penguins. This influx of capital will enable Blockworks to expand its operations and strengthen its position in the market.

Founded in 2018 by Jason Yanowitz and Michael Ippolito, Blockworks started as a crypto media and events business before transitioning into data and infrastructure. The company's data platform collects trillions of rows of blockchain and exchange data from almost 100 sources, supporting funds and companies. Its investor relations platform, Blockworks IR, provides branded investor portals, analytics, quarterly reports, and tools for investor engagement.

Blockworks plans to use the new funding to acquire select competitors and continue building its data platform for crypto and tokenized assets. The company aims to become the leading provider of data and services for institutional investors and tokenized assets, similar to Morningstar in the traditional finance industry.