Nansen Blockchain Firm Raised $75M In Funding By Accel

The well-known Nansen Blockchain firm raised $75 million in a new funding round led by Accel, Tiger Global, and Andreessen Horowitz as we can see more today in our latest blockchain news.

The Nansen blockchain firm raised $75 million in a Series B funding round led by the venture capital firm Accel and the investment will aim to expand the former’s global presence and to accelerate the developments of new product offerings for customers. The Singapore-based blockchain platform announced the news on the website so apart from Accel, the funding round was supported by other venture capital firms like GIC, Tiger Global, Andreessen Horowitz, 10x, and more. Nansen informed that the investment will boost the next phase of the growth and development of the company while also intending to add innovative platform features, expand globally, and bring multichain integrations.

The last funding round that Nansen raised was in June this year and the company noted that since then it had introduced a few advancements with some of them including broader blockchain support from Polygon and Ethereum to Binance Smart Chain, Avalanche, Celo, and Ronin. Nansen joined the non-fungible token space and took part in 18,000 NFT collections with the company hiring 55 new team members in 28 countries. The co-founder and CEO at Nansen Alex Svanevik said:

“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.”

We’re excited to announce that Nansen has raised $75M for our Series B led by @Accel, with participation from GIC, @a16z, @TigerGlobalFund, @SCB10X_OFFICIAL, along with additional prominent VCs and angel investors!

Read the announcement:https://t.co/AFIBV1WxsN

— NansΞn🧭 (@nansen_ai) December 16, 2021

After the recent initiative, Nansen is now ready to provide investors with a world-class product and explore the latest trends in crypto, and also make more informed decisions as Svanevik assured. Andrei Brasovenau who is a partner at Accel predicted that the funding round will provide huge opportunities for Nansen and has more potential to become the go-to platform for crypto insights and data. At the start of October, the data-analytics provider added support for the Fantom Network decentralized smart contracts platform. Nansen also started showing Fantom’s data on the dashboards and the CEO Michael Kong 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.”

Right after the announcement, the native token of the Fantom NEtwork surged by 30%.