Nansen Valuation, Funding & Investors

Nansen is valued at $750M as of December 2021.

Last Nansen valuation

$750M

Series B · Dec 2021

Last Nansen funding round

$75M

Series B · Dec 2021

Cumulative funding Nansen raised

$88M

across 3 funding rounds

Key investors in Nansen

  • Accel
  • Andreessen Horowitz
  • Mechanism Capital
  • Skyfall Ventures

Nansen Overview

About Nansen

Nansen is a Singapore-headquartered blockchain analytics platform that labels over 300 million wallets to provide on-chain insights for cryptocurrencies including Ethereum and Solana. Crypto funds and investors rely on its real-time dashboards, smart money alerts, and portfolio tracking tools to identify trends and perform due diligence across 20 blockchains.


Founded

2020

HQ

SingaporeSingapore

Website

nansen.ai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$750M (Dec 2021)

Nansen Valuation

Nansen is currently valued at $750M, based on its Series B in December 2021.

The $75M round was led by Accel.

Nansen valuation by funding round

Nansen valuation by funding round
DateStageValuation
Dec 2021Series B$750M

Nansen Funding History

Nansen has raised a total of $88M across 3 funding rounds.

Nansen's first fundraising round was a $1M seed round in October 2020. The most recent completed round was a $75M Series B in December 2021.

Nansen funding rounds

Nansen funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series BAccel (lead)$75M$750MNansen is a blockchain analytics platform based in Singapore that provides on-chain data and insights to help investors and financial institutions make informed decisions regarding project discovery, due diligence, and trading. The company's product suite includes Nansen Query, Nansen API, Nansen Ecosystem, Nansen Standard, and Nansen Alpha, serving both retail and institutional customers. On December 16, 2021, Nansen raised $75 million in Series B funding led by Accel, with participation from Andreessen Horowitz (a16z), Tiger Global, GIC, SCB 10X, Folius Ventures, and additional venture capital firms and angel investors. The round valued the company at $750 million post-money. The funding was allocated to accelerate hiring, develop new product offerings, expand global presence, add innovative platform features, and scale multichain integrations. Since its Series A in June 2021, Nansen had significantly expanded its blockchain support from Ethereum and Polygon to include Binance Smart Chain, Fantom, Avalanche, Celo, and Ronin, increased wallet label coverage to over 100 million across multiple blockchains, established market leadership in NFT analytics with coverage of over 18,000 collections, and hired 55 new team members from 28 countries. The company reported a 20x growth in subscriber base over the prior year, with notable customers including Polygon, Axie Infinity, and Lido. By the time of the Series B announcement, Nansen had become a market leader in blockchain analytics serving an increasingly demanding market for on-chain data driven by regulatory scrutiny and growing adoption of cryptocurrency and decentralized finance.
Jun 2021Series AAndreessen Horowitz (lead)$12M--
Oct 2020SeedMechanism Capital (lead); Skyfall Ventures (lead)$1M--

Who has invested in Nansen?

4 investors have backed Nansen across its funding rounds, including Accel, Andreessen Horowitz, Mechanism Capital and Skyfall Ventures.

Lead investors include Accel, Andreessen Horowitz, Mechanism Capital and Skyfall Ventures.


Nansen Investors

Investors in Nansen by funding rounds participated
InvestorHQRoundsRoleFirst check
Mechanism CapitalSingaporeSingapore1LeadOct 2020
Andreessen HorowitzUnited StatesSan Francisco, CA1LeadJun 2021

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Acquisitions by Nansen

Nansen has acquired 2 companies to date.

Last acquisition by Nansen was on September 10th 2024. Nansen acquired StakeWith.Us for undisclosed valuation.


Latest Acquisitions by Nansen

StakeWith.Us
Ape Board
Description
StakeWith.Us is a multi-chain staking service provider based in the United States. The platform offers non-custodial yield generation on networks like Solana, Cosmos, and Avalanche. It aggregates rewards from validators and distributes to delegators via automated compounding. StakeWith.Us supports institutional-grade security with hardware wallets.
Ape Board is a DeFi analytics platform aggregating data on crypto assets across chains like Ethereum and Binance Smart Chain. It offers portfolio tracking, yield farming metrics, and NFT valuations for traders and investors in decentralized finance.
HQ CountrySingaporeSingapore
HQ City
Singapore
Singapore
Deal Date10 Sep 202417 May 2022
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Nansen Competitors

Nansen competitors include listed companies like BitGo Holdings and HashKey Holdings, and private ones like Elixir, Elliptic, Flashbots and Gauntlet.

Public and private companies comparable to Nansen
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ElixirUnited StatesNew York City, NYPrivate--$800M-
EllipticUnited KingdomLondonPrivate--$670M-
FlashbotsUnited StatesUnited StatesPrivate--$1B-
GauntletUnited StatesNew York City, NYPrivate--$1B-
BitGo HoldingsUnited StatesUnited StatesPublicly listed$16B($9M)$795M5.5x
HashKey HoldingsHong KongHong KongPublicly listed$92M($109M)$884M-

Nansen Public Comps

Nansen is still privately-owned, but its public comps include BitGo Holdings, HashKey Holdings, Indokripto Koin Semesta, Rhino Bitcoin, CARE Ratings, GlobalData, Finatext, Stewards, Value Line and Coincheck Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
HashKey Holdings$92M($109M)6.4x-(5.4x)-
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
CARE Ratings$49M$21M9.2x9.9x21.5x20.5x
GlobalData$433M$140M1.7x1.7x5.3x5.0x
Finatext$71M$13M6.3x5.4x34.1x-
Stewards------

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Common questions about Nansen

When was Nansen founded?Nansen was founded in 2020.
Where is Nansen headquartered?Nansen is headquartered in Singapore, Singapore.
Is Nansen publicly listed?No, Nansen is a private, VC-backed company.
What is Nansen's valuation?Nansen was last valued at $750M in its Series B in December 2021.
How much funding has Nansen raised?Nansen has raised $88M across 3 funding rounds.
What was Nansen's last funding round?Nansen's last funding round was a $75M Series B in December 2021, led by Accel.
Who are Nansen's investors?Nansen's investors include Mechanism Capital, Andreessen Horowitz, Accel and Skyfall Ventures.
Which companies are comparable to Nansen?Companies comparable to Nansen include Elixir, Elliptic, Flashbots, Gauntlet, BitGo Holdings and HashKey Holdings.
How many companies has Nansen acquired?Nansen has acquired 2 companies, including StakeWith.Us and Ape Board.

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