Blockworks completed Series A expansion financing with a valuation of US$192 million, led by ParaFi Capital and others

In comparison, Blockworks announced the completion of the A round of expansion financing, with a post-investment valuation of US$192 million. This round of financing was co-led by ParaFi Capital and Reciprocal Ventures, and was supported by many institutions and industry participants such as Coinbase Ventures and MoonPay Ventures. The financing also attracted more than 20 founders and operators of ecosystem projects such as Solana, LayerZero, Arbitrum, and Kraken. The exact amount of financing has not been disclosed

The company said that the crypto market has grown to a trillion dollar scale without traditional capital market infrastructure, but there are still problems such as scattered data, inconsistent disclosure, and lack of investor communication mechanisms. Blockworks is trying to fill this gap through the “data+disclosure+investor relationship” trinity architecture. (CNBC)

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