Data Analytics Firm Nansen Raises $12M in Round led by a16z
Main page News, Ethereum, Crypto Market
Hot topic
June 29, 2021

Nansen, an Ethereum-focused analytics platform, has raised $12 million in a Series A round led by Andreessen Horowitz. The firm said in an announcement that Skyfall Ventures, Coinbase Ventures, and imToken Ventures also joined the round.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Nansen plans to use the raised capital to enhance user experience, increase support for additional blockchains and layer 2 solutions, including Polygon, Optimism, Arbitrum, and moreTalent, through hiring and acquisitions.

"In traditional finance, most investors rely on coarse macro metrics. In crypto, blockchain analytics allows you to go much deeper - down to the individual transaction," the company said.

Solana Closes $314 Million Round led by a16z and Polychain Capital

The platform was launched in April 2020, and since then, its revenue had gone up by over 1,000x. The firm also notes an increase from its initial team of three co-founders to a team of 30 people. a16z's latest investment comes after the venture capital firm completed fundraising for its third crypto fund in which it attracted $2.2 billion.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error