Ethereum analytics firm Nansen has raised $12 million in a Series A funding round led by Andreessen Horowitz.
Nansen Partners with a16z
Nansen has completed its second funding round in less than a year.
The blockchain analytics firm announced it had secured a $12 million investment Tuesday. The round was led by Andreessen Horowitz (a16z) with participation from Skyfall Ventures, Coinbase Ventures, imToken Ventures, Mechanism Capital, QCP Capital, and several others.
In October last year, the Ethereum tracking firm had raised $1.2 million in a seed round led by Mechanism Capital and Skyfall Ventures.
Nansen is a leading tracker of Ethereum wallets, a service that is instrumental in tracing hacker movements and identifying market trends by looking through whale or exchange ETH transactions.
With the funds raised, Nansen says it plans to add support for additional blockchains and Layer 2 solutions, “including Polygon, Optimism, Arbitrum, and more.” The firm will also improve other operations relating to customer support and quality in hopes of becoming the “#1 blockchain analytics platform.”
The lead investor of this round, a16z, has been one of the most active venture capitalists in the space. It recently announced one of the largest crypto venture funds of $2.2 billion and led a $314 million investment round in Solana.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article