Blockworks, the leading crypto data platform, today announced the close of a Series A extension at a $192 million valuation. The round was co-led by ParaFi a...

Blockworks, a crypto data platform, has raised a Series A extension at a $192 million valuation, co-led by ParaFi and Reciprocal Ventures. The round included participation from Coinbase Ventures and over 20 founders and operators from Blockworks' customer base, including leaders from Solana, MegaETH, LayerZero and EigenLayer. Founded in 2017, Blockworks operates three core products: a data platform ingesting trillions of rows across 100-plus pipelines, Blockworks IR for investor relations, and the Token Transparency Framework for disclosure standards. The company aims to address crypto's infrastructure gap by providing reliable data, communication channels and accountability frameworks. Blockworks employs nearly 100 people across a dozen countries and is headquartered in New York City.

Blockworks, a crypto data startup, plans to acquire rivals and become a dominant data provider for cryptocurrency and tokenised assets, co-founder Jason Yanowitz told CNBC. The company closed a Series A extension round earlier this year led by ParaFi Capital and Reciprocal Ventures, valuing it at $192 million. The firm aims to build comprehensive data infrastructure for on-chain assets, similar to what Morningstar and FactSet provide for traditional finance. Yanowitz said annual recurring revenue grew over 500% last year, driven partly by its Digital Assets Summit conference. The fragmented crypto data industry lacks a clear leader, forcing traders to rely on multiple providers. Yanowitz believes better data infrastructure is essential for wider crypto adoption, particularly as regulatory frameworks improve following recent stablecoin legislation and ETF approvals.