Andreessen Horowitz (a16z), GIC, Tiger Global, SCB10X and other venture investors also participated in the round.
Thus, Nansen will use the funds raised to create and develop new products, hire staff, and expand its global presence through “innovative platform features and multichain integrations.”
A new phase of growth
“We’re ready for a new phase of growth, accelerating our international expansion, scaling up our data capabilities to support the wider blockchain ecosystem, and providing global investors with a world-class product to explore the latest crypto trends and make more informed decisions”. Alex Svanevik, co-founder and CEO of Nansen said in the statement.
Founded in 2020, the company uses machine learning and other advanced technologies to track the activity on the Ethereum blockchain.
In June, Nansen raised $12 million during a Series A funding round led by a16z. Skyfall Ventures, Coinbase Ventures, imToken Ventures, Mechanism Capital and CP Capital also participated in the round.
Additional support for the Solana network
Recall that previously in November Nansen announced additional support for the Solana network. The dashboard will allow users to study metrics focused on decentralized finance (DeFi) projects in the ecosystem and non-fungible tokens (NFTs), which are released in this blockchain. The tool will also track on-chain transactions.
According to Svanevik, the Solana network plays an important role in the development of the DeFi and NFT sectors. He noted that in connection with the expansion of the ecosystem of this blockchain, the company is trying to provide investors with the most complete information.
According to Nansen, Solana has more than 29 different protocols running. The total cost of funds in decentralized applications based on this network exceeded $15.16 billion, according to DeFi Llama. The largest projects by this indicator are Raydium ($2.08 billion), Marinade Finance ($1.85 billion) and Serum ($1.82 billion).