Accel led a Series B round of funding for Nansen, a blockchain analytics platform. It raised $75 million. This investment will help the company expand its global reach and develop new products for customers.
Nansen’s Latest Funding Round
The announcement was made by the Singapore-based blockchain platform on its official website. Other than Accel, several venture capital firms supported the funding round, including GIC, Tiger Global and SCB 10X.
Nansen stated that the investment will help the company move into the next phase of its growth and development. It plans to expand internationally and add platform features and multichain integrations.
Nansen’s last round of funding was in June 2018. Nansen noted that it has made many advancements since then. These include the addition of blockchain support from Ethereum, Polygon to Binance Smart Chain, (BSC), Fantom and Avalanche, Celo and Ronin.
Nansen joined the non-fungible token space and participated in more than 18,000 NFT collection. The company also hired 55 additional team members in 28 countries.
“2021 was an inspiring year for us. We are grateful for the love Nansen has received from its customers. With this new round, we can better serve them. We can also now onboard new customer segment that will benefit market-leading analytics on-chain”, stated Alex Svanevik, Co-Founder and CEO of Nansen.
Svanevik stated that Nansen will provide global investors with a world-class product for exploring the latest crypto trends, and making more informed decisions after the recent initiative.
Andrei Brasoveanu, Accel Partner, predicted that Nansen could benefit from the funding round. It could even be “investors go-to platform” for crypto insights.
Nansen’s Previous Endeavors
The data-analytics provider added support to Fantom Network, a decentralized smart contract platform, at the beginning of October.
Nansen started showing Fantom data on its dashboards. Michael Kong, Fantom CEO, spoke out about the matter.
“Nansen analytics will increase visibility for innovative projects on the network, and amplify their success. Fantom will see a greater usage of Nansen analytics, as well as the amazing amount of information the platform will provide.
It was interesting to note that the native token of Fantom Network, FTM, soared by 30% shortly after the announcement.
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