Blockworks Secures $192 Million Valuation with Series A Extension

Blockworks, a New York-based company, has successfully completed a Series A extension round, securing a post-money valuation of $192 million. This significant increase in valuation marks a 42% rise from its initial $135 million mark set in May 2023.

The funding was co-led by ParaFi Capital and Reciprocal Ventures, with participation from Coinbase Ventures, Advancit Capital, MoonPay, and over 20 founders and operators from leading blockchain protocols. This strategic investment reflects the company's ambition to become a comprehensive data and intelligence platform for institutional crypto market participants.

Blockworks has pivoted its focus towards building a proprietary data platform, Blockworks Intelligence, which combines real-time market data, institutional-grade research, and governance tracking tools. The platform aims to serve clients with sophisticated analytical infrastructure, processing over 100 stories daily and delivering on-chain analytics, DeFi protocol metrics, and treasury management insights.

The investment arrives during a period of significant change in the VC landscape, with crypto venture capital flows consolidating into larger late-stage deals. Total crypto fundraising has climbed nearly 50% year-over-year between March 2025 and March 2026, despite a decline in deal count by 46%. This trend indicates that investors are concentrating capital in fewer, more mature companies.