Ethereum analytics firm Nansen secures a $ 1.2 million seed investment

Nansen is a subscription-based Ethereum data startup started by Alex Svanevik, Evgeny Medvedev and Lars Bakke Krogvig.

Nansen makes the first investment ever

Mechanism Capital and Skyfall Ventures led Nansen’s first round of funding with additional support from Robot Ventures, Volt Capital, Fabric Ventures, and others. Individual investors, including the Ethereum developer Eric Connor, Anthony Yoon and Sergei Chan from FTX and Deribit Exchange, it also participated in the seed round.

Robert Leshner, the founder of Compound Finance and Robot Ventures, She said:

“Proud to support[Nansen}whoisbuildingtheanalysisandintelligencetogiveanincreasinglybroaderandmorecomplicatedsenseoftheDecentralizedFinance(DeFi)sector”[Nansen}whichisbuildingtheanalytics&intelligencetomakesenseoftheincreasinglylarge&complicateddecentralizedfinance(DeFi)industry”[Nansen}chestacostruendol’analisiel’intelligenceperdareunsensoalsettoredellafinanzadecentralizzata(DeFi)semprepiùampioecomplicato”[Nansen}whichisbuildingtheanalytics&intelligencetomakesenseoftheincreasinglylarge&complicateddecentralizedfinance(DeFi)industry”

Nansen CEO Alex Svanevik told Crypto Briefing that “the top priority is growing the team, so we get more bandwidth to meet our roadmap.”

However, we accepted that in order to hire high-level talent (quickly!), We had to offer a commitment that went beyond a few months.

This fundraiser allows us to make this commitment.

– Alex Svanevik 🧭 (@ASvanevik) October 27, 2020

The wallet tag database for millions of Ethereum addresses is Nansen’s strong point.

Svanevik also spoke to Crypto Briefing about new features in the pipeline, such as tracking Ethereum and DeFi smarter investor activities, alerts for important transactions and customized dashboards for their clients.

He added:

“Finally, we will continue to work hard to make sure we have the best coverage and quality of wallet labels in the industry.”

Since its launch in April, the company reportedly has acquired more than 1,200 customers who use Nansen for on-chain analysis and market signals.