Blockchain research firm Nansen bags $75m Series B from Accel, GIC, others 

Photo: Nansen

Blockchain data analytics startup Nansen has raised $75 million in a Series B round led by US venture capital company Accel.

Other prominent investors that participated include Singapore sovereign wealth fund GIC, the US investment firm Tiger Global, Siam Commercial Bank’s (SCB) venture arm SCB 10X, and existing investor a16z. Crypto-specific investors like L1 Digital, and Folius Ventures also joined the round.

Singapore-based Nansen analyses on-chain data, wallet labels, and entities on blockchains including Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, and Celo. It also tracks decentralised finance (DeFi) projects and non-fungible token (NFT) trades. Clients — DeFiance Capital, Genesis Block Ventures, Polygon, and the team behind Axie Infinity, to name a few — use Nansen’s services to make informed decisions.

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