THELOGICALINDIAN - Nansen will use the basic to aggrandize its aggregation and calibration its abstracts analytics capabilities
Nansen has aloft $75 actor in a Series B allotment annular led by Accel.
Nansen to Expand Data Capabilities
Nansen has abutting the continued account of crypto firms to advertise a above accession this year.
The abstracts analytics belvedere has landed a $75 actor advance in a Series B allotment annular led by Accel. GIC, Andreessen Horowitz, Tiger Global, and SCB 10X all alternate in the annular alongside added angel investors. The basic accession follows Nansen’s $12 million Series A allotment annular in June and a $1.2 million berry accession in October 2020.
Discussing the allotment annular and approaching plans, Nansen CEO Alex Svanevik said:
“We’re accessible for a new appearance of growth, accelerating our all-embracing expansion, ascent up our abstracts capabilities to abutment the added blockchain ecosystem.”
In a Thursday blog post, the close appear affairs to use the beginning basic against a “new advance phase.” The funds will be spent on authoritative new hires, abacus new artefact offerings, growing multi-chain integrations, and cardinal all-around amplification into new markets. The close additionally said it would barrage articles for institutions to action on-chain via its Application Programming Interface and a new analytics agent alleged Nansen Query.
Nansen is one of the arch blockchain analytics providers, accouterment to both retail and institutional users. It provides analytics accoutrement for a array of accessible blockchains, including Ethereum, Polygon, Solana, Binance Smart Chain, Fantom, Avalanche, Celo, and Axie Infinity’s Ronin.
Nansen is alone one of abounding crypto companies to accession funds to calibration its operations in contempo months. For several months, assorted teams accept been announcement multi-million dollar raises on a common base as basic continues to flood into the space. In some cases, firms accept capitalized on the acrimonious bazaar to accession massive sums. Alone this week, the Bitcoin close NYDIG announced it had aloft $1 billion at a $7 billion valuation. FTX has also raised $1.32 billion at an $18 billion appraisal this year, and endless added abate startups accept aloft added bashful sums.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and added cryptocurrencies.
