Singapore, Dec. 16, 2021 (GLOBE NEWSWIRE) — Nansen, the leading blockchain data analytics platform, today announces that it has raised a $75 million Series B round led by Accel. GIC, Andreessen Horowitz (a16z), Tiger Global, SCB 10X, and additional prominent VCs and angel investors also participated in the round. This funding will be used to fuel Nansen’s next phase of growth and development, including hiring top-notch developers and research analysts, and expanding the platform’s features and multichain integrations on a global scale.
Nansen analyzes billions of on-chain data points, millions of wallet tags, and thousands of entities on leading blockchains such as Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, Celo, and more. By leveraging the company’s quality market intelligence and actionable analytics, investors and financial institutions can make more informed decisions when it comes to project discovery, due diligence and trading. It enables easier exploration of complex on-chain data about investors’ money flow, exchange activity, and the analysis of emerging trends in DeFi, NFTs and DAOs through user-friendly, streamlined visual dashboards.
Founded in 2020, Nansen has experienced rapid growth and user adoption from retail investors as well as institutional investors such as Three Arrows Capital, DeFiance Capital, Genesis Block Ventures, Not3Lau Capital, Polychain, YBS Capital and Acheron Trading. In addition, Nansen’s platform is used by leading crypto teams such as Axie Infinity, Polygon and Lido, and has achieved more than a 20x increase in subscribers in the past year.
Now the company has secured additional funding that helps them drive the next phase of global growth, alongside major investors including: Amplify Partners, L1 Digital, Cristóbal Conde (Chairman of Fimatix), Skyfall Ventures, Folius Ventures, Old Fashion Research, Adam White (President). of Bakkt), Ryan Rabaglia (Libra Capital Ventures), Prabhakar Reddy (Co-Founder of FalconX), Anastasia Andrianova (CEO of Akropolis), and Ameet Patel.
This Series B funding round led by Accel comes just six months after Nansen raised its Series A. In that time, he has grown his user base by more than 400% and expanded the team by hiring more than 55 new team members in 28 countries. These hires include research analysts and developers to increase the company’s exposure to all popular blockchains, and to better serve the needs of crypto investors and businesses that are increasingly multi-chain in nature. The strong demand shows that leading players in the industry understand the importance of real-time relevant data on the growing blockchain ecosystem that supports Nansen.
The funds raised in this round will help Nansen scale even further and launch product lines for new audiences. Institutional customers will be able to programmatically access market-leading on-chain data via Nansen Query and a new Nansen API. Protocol teams will be able to publish and access product analytics on-chain via the Nansen Ecosystem offering. Individual investors and crypto funds will see major improvements to Nansen Standard and Nansen Alpha, including support for 10+ blockchains.
“2021 was an inspiring year for us. We are grateful for how much our customers love Nansen, and with this latest round we can serve them even better. In addition, we can now onboard new customer segments that will benefit from market-leading on-chain analytics,” says Alex Svanevik, co-founder and CEO at Nansen. “We are poised for a new phase of growth, accelerating our international expansion, scaling our data capabilities to support the wider blockchain ecosystem, and providing global investors with a world-class product to capture the latest crypto trends. explore and make more informed decisions”.
“Over the past year, we’ve seen an explosion in activity in crypto, including new areas like NFTs and DeFi,” said Andrei Brasoveanu, partner at Accel. “With transaction information in this space extremely fragmented across different projects, exchanges and chains, there is a huge opportunity for Nansen to become investors’ go-to platform for crypto insights and data, providing a trusted, single source of present truth. Alex, Evgeny and Lars’ deep experience in both data and crypto, the world-class product, and impressive traction since inception have set the company up for an exciting journey ahead!”
Visit Nansen’s website to access over one billion transactions, 100+ million addresses and actionable insights into the DeFi and NFT markets.
About Nansen
Nansen is a blockchain analytics platform that enriches chain data with millions of wallet tags. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with our real-time dashboards and alerts.
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About Accel
Accel is a global venture capital firm that is the premier partner to exceptional teams everywhere, from startups to all stages of private company growth. Arista, Atlassian, Braintree, Celonis, CrowdStrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Kayak, Lynda.com, Qualtrics, Rovio, Rows, Slack, Spotify, Supercell, Swiggy, Tenable, UiPath, Venmo and Webflow are among the companies that have supported the firm over the past 35+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or www.twitter.com/accel.
Nansen Co-Founders Nansen Wallet Profiler
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