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Nansen — the Singapore-based blockchain platform that analyzes on-chain information, pockets labels, and blockchain entities — introduced it has raised $75 million. Nansen claims it combines on-chain information 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 sequence A funding. The funding was marshaled by Accel, with participation from GIC, Andreessen Horowitz (a16z), Tiger International, SCB 10X, and different main traders.

‘Actionable analytics’ for on-chain information

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 corporate claims its analytics expertise allows simpler exploration of complicated on-chain information on traders’ cash flows and trade exercise, and analyzes rising traits in DeFi, NFTs, and DAOs by user-friendly, streamlined visible dashboards.

The corporate says it analyzes billions of on-chain information factors, thousands and thousands of pockets labels, and 1000’s of entities on main blockchains like Ethereum, Polygon, Binance Sensible Chain (BSC), Fantom, Avalanche, Celo, and extra.

Introducing new product traces

Nansen cofounder and CEO Alex Svanevik instructed VentureBeat through an e-mail interview that the corporate will introduce new product traces like Nansen API and Nansen Question, enabling institutional shoppers to entry Nansen’s on-chain information programmatically. Svanevik added that the corporate will proceed to develop the platform by including assist for extra blockchains and introducing modern new product options. Protocol groups will have the ability to publish and entry on-chain product analytics through the Nansen ecosystem providing, in accordance with Svanevik.

“We’re prepared for a brand new section of development, accelerating our worldwide growth, scaling up our information capabilities to assist the broader blockchain ecosystem, and offering international traders with a world-class product to discover the newest crypto traits and make extra knowledgeable selections,” mentioned Svanevik.

Svanevik mentioned 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. In accordance with Svanevik, the funding may even assist to develop the platform’s options and multichain integrations at a world scale.

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

Andrei Brasoveanu, associate at Accel, mentioned the crypto area has witnessed an explosion up to now 12 months, together with rising pursuits in new areas reminiscent of NFTs and DeFi. “With transaction info on this area extraordinarily fragmented throughout completely different initiatives, exchanges, and chains, there’s an enormous alternative for Nansen to turn out to be traders’ go-to platform for crypto insights and information, providing a trusted, single supply of fact. Alex, Evgeny, and Lars’ deep expertise in each information and crypto, the world-class product, and spectacular traction since founding set the corporate up for an thrilling journey forward.”

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


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