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Blockchain Analytics Firm Nansen Raises $75 Million in Funding Led by Accel

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December 19, 2021
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Blockchain Analytics Firm Nansen Raises $75 Million in Funding Led by Accel
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The blockchain analytics platform Nansen raised $75 million by way of a Collection B funding spherical led by the enterprise capital agency Accel. The funding will purpose to broaden the previous’s world presence and speed up the event of progressive product choices for patrons.

Nansen’s Latest Funding Spherical

The Singapore-based blockchain platform announced the information on its official web site. Other than Accel, the funding spherical was supported by a number of different enterprise capital corporations, together with Andreessen Horowitz (a16z), GIC, Tiger International, SCB 10X, and extra.

Nansen knowledgeable that the funding will gasoline the corporate’s subsequent section of development and growth. It additionally intends so as to add progressive platform options, multichain integrations and broaden globally.

The final funding spherical which Nansen raised was in June this 12 months. The corporate famous that since then, it had launched a number of developments. A few of them embrace broader blockchain help from Ethereum and Polygon to Binance Sensible Chain (BSC), Fantom, Avalanche, Celo, and Ronin.

Nansen additionally joined the non-fungible token area and took half in over 18,000 NFT collections. Moreover, the corporate employed 55 new group members throughout 28 nations.

“2021 has been an inspirational 12 months for us. We’re grateful for the way a lot our clients love Nansen, and with this newest spherical, we are able to serve them even higher. As well as, we are able to now onboard new buyer segments that may profit from market-leading on-chain analytics”, mentioned Alex Svanevik – Co-Founder and CEO at Nansen.

Following the newest initiative, Nansen is able to present world buyers with a “world-class product to discover the newest crypto developments and make extra knowledgeable selections,” Svanevik assured.

Andrei Brasoveanu – Accomplice at Accel – predicted that the funding spherical might present “big” alternatives for Nansen. It even has the potential to develop into “buyers’ go-to platform for crypto insights and knowledge.”

Nansen’s Earlier Endeavors

Originally of October, the data-analytics supplier added support for the decentralized sensible contracts platform – Fantom Community.

Consequently, Nansen started exhibiting Fantom’s knowledge on its dashboards. Talking on the matter, Michael Kong – Fantom’s CEO – mentioned:

“Nansen analytics will deliver visibility to progressive tasks on the community and amplify their successes. We’re excited in regards to the elevated utilization Nansen will deliver to Fantom and the unbelievable wealth of knowledge that the analytics platform will make accessible.”

Curiously, shortly after saying the information, the native token of Fantom Community – FTM – soared by 30%.

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