Nansen Raises $75 Million in Series B Funding

Published on:

December 16, 2021

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Today, we are thrilled to announce Nansen has raised $75M for our Series B! This funding round was led by Accel, with participation from GIC, Andreessen Horowitz (a16z), Tiger Global, SCB 10X, additional prominent VCs and angel investors.

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 also joined in this round.

Building the Best-in-Class Blockchain Analytics Platform

The funding will be used to fuel Nansen’s next phase of growth and development, accelerate hiring and the development of new product offerings for retail and institutional customers, as well as expand Nansen’s global presence by adding innovative platform features and multichain integrations.

A lot has happened since we last announced our Series A in June, we have:

  • Expanded our blockchain support from Ethereum and Polygon, which now includes Binance Smart Chain (BSC), Fantom, Avalanche, Celo and Ronin
  • Increased our coverage to 100M+ wallet labels across multiple blockchains
  • Became the market-leader for NFT analytics with in-depth coverage of over 18K collections
  • Added a new institutional product line, including Nansen API and Nansen Query
  • 55 new team members from 28 countries joined the team
“We’re ready for a new phase of growth, accelerating our international expansion, scaling up our data capabilities to support the wider blockchain ecosystem, and providing global investors with a world-class product to explore the latest crypto trends and make more informed decisions.” 
— Alex Svanevik, CEO, Nansen

This is just the beginning, and we plan to introduce product lines for new audiences and scale even further. Institutional customers will be able to access market-leading on-chain data programmatically via Nansen API and Nansen Query. Protocol teams will be able to publish and access on-chain product analytics 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.

To our community: we are so grateful for all your support and we strive to make our product the best it can be and with your help, we have made it a reality. Thank you for making this all possible.

Interested in building the future of finance? We’re hiring!

About Nansen

Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallets labels. 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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