Blockworks Acquires Messari in Deal Valued Above $10M

Crypto data and media company Blockworks has acquired analytics firm Messari in a deal valued at more than $10 million. Messari raised $35 million in a Series B in 2022 that valued it at around $300 million, a gap The Wall Street Journal attributed to the firm’s recent struggles and broader weakness across the crypto sector.

Earlier this year Messari replaced CEO Eric Turner with Diran Li and reduced headcount as part of a shift toward artificial intelligence. Li wrote on LinkedIn that the company had "parted ways with many teammates" while transitioning to an "AI-first company." Founded in 2018, Blockworks began as a crypto media and events company before expanding into research and data products, and in April it announced a Series A extension at a $192 million valuation.

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