Blockworks closes Series A extension at $192M valuation, betting on the integration of crypto data and information infrastructure

Odaily Planet Daily News Blockworks announced the completion of its Series A extension funding round, achieving a post-money valuation of $192 million. The round was co-led by ParaFi Capital and Reciprocal Ventures, with participation from Coinbase Ventures, MoonPay Ventures, and several other institutions and industry players. The funding also attracted investment from over 20 founders and operators of ecosystem projects including Solana, LayerZero, Arbitrum, and Kraken. The specific amount raised has not been disclosed yet.

The company stated that the crypto market has grown to a trillion-dollar scale without the infrastructure of traditional capital markets, but still faces issues such as fragmented data, inconsistent disclosures, and a lack of investor communication mechanisms. Blockworks aims to fill this gap through a tripartite architecture of "data + disclosure + investor relations." (CNBC)