Blockchain analytics supplier Nansen raises $75M

Nansen — the Singapore-based blockchain platform that analyzes on-chain knowledge, pockets labels, and blockchain entities — introduced it has raised $75 million. Nansen claims it combines on-chain knowledge with a proprietary database of exercise throughout over 100 million blockchain wallets to offer real-time, actionable insights for traders and monetary establishments on the increasing blockchain ecosystem.

The announcement was made in a press launch Thursday. This funding spherical is coming simply six months after Nansen raised $12 million in collection A funding. The funding was marshaled by Accel, with participation from GIC, Andreessen Horowitz (a16z), Tiger Global, SCB 10X, and different main traders.

‘Actionable analytics’ for on-chain knowledge

Nansen says it makes use of high quality market intelligence and actionable analytics to assist traders and monetary establishments make extra knowledgeable selections on undertaking discovery, due diligence, and buying and selling. The firm claims its analytics know-how permits simpler exploration of advanced on-chain knowledge on traders’ cash flows and trade exercise, and analyzes rising traits in DeFi, NFTs, and DAOs by user-friendly, streamlined visible dashboards.

The firm says it analyzes billions of on-chain knowledge factors, tens of millions of pockets labels, and 1000’s of entities on main blockchains like Ethereum, Polygon, Binance Smart Chain (BSC), Fantom, Avalanche, Celo, and extra.

Introducing new product traces

Nansen cofounder and CEO Alex Svanevik informed VentureBeat by way of an electronic mail interview that the corporate will introduce new product traces like Nansen API and Nansen Query, enabling institutional purchasers to entry Nansen’s on-chain knowledge programmatically. Svanevik added that the corporate will proceed to broaden the platform by including help for extra blockchains and introducing modern new product options. Protocol groups will be capable of publish and entry on-chain product analytics by way of the Nansen ecosystem providing, based on Svanevik.

“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,” stated Svanevik.

Svanevik stated Nansen will use this extra capital to rent expertise throughout product, engineering, operations, finance, gross sales, and advertising — including that the corporate is now ready to make strategic and complementary acquisitions. According to Svanevik, the funding can even assist to broaden the platform’s options and multichain integrations at a worldwide scale.

The firm was based in 2020 by data science skilled Svanevik, blockchain knowledge processing skilled Lars Krogvig, and large-scale knowledge processing specialist Evgeny Medvedev. The firm claims it has grown its person base by over 400% and expanded the workforce by hiring over 55 new workforce members throughout 28 nations since inception.

Andrei Brasoveanu, companion at Accel, stated the crypto space has witnessed an explosion prior to now yr, together with growing pursuits in new areas similar to NFTs and DeFi. “With transaction information in this space extremely fragmented across different projects, exchanges, and chains, there’s a huge opportunity for Nansen to become investors’ go-to platform for crypto insights and data, offering a trusted, single source of truth. Alex, Evgeny, and Lars’ deep experience in both data and crypto, the world-class product, and impressive traction since founding set the company up for an exciting journey ahead.”

Nansen at the moment has over 70 staff and says it expects to double that quantity within the subsequent six months. The firm has raised $88.2 million in total up to now.