Nansen Raises $75 Million in Series B Funding

Nansen Raises $75 Million in Series B Funding

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.

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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.

New to Nansen? Sign up for our 7-day trial today!

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The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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