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

The blockchain analytics platform Nansen raised $75 million via a Series B funding round led by the venture capital firm Accel. The investment will aim to expand the former’s global presence and accelerate the development of innovative product offerings for customers.

Nansen’s Newest Funding Round

The Singapore-based blockchain platform announced the news on its official website. Apart from Accel, the funding round was supported by several other venture capital firms, including Andreessen Horowitz (a16z), GIC, Tiger Global, SCB 10X, and more.

Nansen informed that the investment will fuel the company’s next phase of growth and development. It also intends to add innovative platform features, multichain integrations and expand globally.

The last funding round which Nansen raised was in June this year. The company noted that since then, it had introduced several advancements. Some of them include broader blockchain support from Ethereum and Polygon to Binance Smart Chain (BSC), Fantom, Avalanche, Celo, and Ronin.

Nansen also joined the non-fungible token space and took part in over 18,000 NFT collections. Additionally, the company hired 55 new team members across 28 countries.

“2021 has been an inspirational year for us. We’re grateful for how much our customers love Nansen, and with this latest round, we can serve them even better. In addition, we can now onboard new customer segments that will benefit from market-leading on-chain analytics”, said Alex Svanevik – Co-Founder and CEO at Nansen.

Following the most recent initiative, Nansen is ready to provide global investors with a “world-class product to explore the latest crypto trends and make more informed decisions,” Svanevik assured.

Andrei Brasoveanu – Partner at Accel – predicted that the funding round could provide “huge” opportunities for Nansen. It even has the potential to become “investors’ go-to platform for crypto insights and data.”

Nansen’s Previous Endeavors

At the beginning of October, the data-analytics provider added support for the decentralized smart contracts platform – Fantom Network.

Consequently, Nansen began showing Fantom’s data on its dashboards. Speaking on the matter, Michael Kong – Fantom’s CEO – said:

“Nansen analytics will bring visibility to innovative projects on the network and amplify their successes. We’re excited about the increased usage Nansen will bring to Fantom and the incredible wealth of information that the analytics platform will make available.”

Interestingly, shortly after announcing the news, the native token of Fantom Network – FTM – soared by 30%.