Nansen Secures $75 Million In Series B Funding

December 22, 2021

Singapore-based Blockchain analytics platform provider Nansen recently announced the company raised $75 million in new funding after completing its Series B investment round.

Established in 2019, Nansen has quickly become a significant brand in the crypto world. The company’s blockchain analytics platform enables virtual wallet users to gain detailed insights regarding blockchain transactions, in order to make better investment decisions and discover new trends.

With this new funding, leaders at Nansen plan to accelerate the company’s global business development, recruit new employees, and expand on Nansen’s product portfolio. The Series B round was led by venture capital firm Accel, as well as support from investors including GIC, Tiger Global, SCB 10X, Andreessen Horowitz (a16z), and many others.

“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,” commented Alex Svanevik, CEO, Nansen.

Back in June of this year, Nansen completed its Series A investment round, which provided the company with $12 million in funding to further develop Nansen’s analytics platform. In only six months, Nansen has reported impressive business achievements through investor support, including an expansion of blockchain support for new networks (BSC, Fantom, Avalanche, Celo, Ronin), as well as becoming a leading source for NFT analytics. Nansen was also able to add 55 new employees, helping the company achieve greater recognition in the blockchain community.

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Edited by Maurice Nagle

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