Skip to main content

Nansen

Category: AI in Analytics & BI

Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels to provide actionable insights for crypto investors and teams. Nansen was founded in 2020. The company is led by Alex Svanevik. Based in Singapore, Singapore. Team size: 70-175 employees (post 30% layoff in May 2023). Total funding raised: $88.2 million. Latest round: Series B ($75M, December 2021). Key investors include ["Accel","GIC","Andreessen Horowitz (a16z)","Tiger Global","SCB 10X"].

Founded
2020
Headquarters
Singapore, Singapore
Team size
70-175 employees (post 30% layoff in May 2023)
Total funding
$88.2 million

Value proposition

To provide a competitive edge in the crypto market by surfacing signals from on-chain data, enabling users to discover opportunities, perform due diligence, and manage portfolios effectively.

Products and solutions

["Nansen Portfolio","Nansen AI Agent","Nansen Query","Nansen API","Nansen Research Portal","Smart Money Dashboards"]

Unique value

Nansen's primary unique factor is its massive, proprietary database of over 300 million labeled crypto wallets. This allows them to connect on-chain activity to real-world entities, providing deep insights into the flow of funds and the behavior of key market participants ('Smart Money').

Target customer

Crypto investors (retail and institutional), crypto teams, developers, and financial institutions.

Industries served

["Cryptocurrency","Web3","Financial Services","Data Analytics","Artificial Intelligence"]

Technology advantage

Their key advantage is the combination of comprehensive on-chain data with AI-driven analytics and millions of wallet labels. This creates a powerful 'information advantage' for their users. The recent launch of the Nansen AI agent, which allows for natural language queries, further lowers the barrier to accessing complex on-chain intelligence.

How they differentiate

Nansen differentiates itself by combining on-chain data with a massive and constantly growing database of millions of wallet labels. This allows them to provide deeper insights into the activities of specific entities and 'smart money.' They also offer real-time alerts and a focus on actionable intelligence for investors and crypto teams.

Main competitors

["Dune Analytics","Glassnode","Token Metrics"]

Key partnerships

["Google Cloud","NEAR Protocol","Accel","Andreessen Horowitz (a16z)","Tiger Global"]

Notable customers

["Google Cloud","Dysnix"]

Major milestones

[ "2020: Founded by Alex Svanevik, Evgeny Medvedev, Lars Bakke Krogvig", "Raised $88.2M total (Series B $75M Dec 2021 at $750M valuation)", "Investors: Accel, GIC, a16z, Tiger Global, SCB 10X", "Customers: Google Cloud, Dysnix", "May 2023: Laid off 30% of workforce (43 employees) due to crypto bear market", "Products: Nansen Portfolio, AI Agent, Query, API, Research Portal" ]

Growth metrics

Series B $75M at $750M valuation (Dec 2021). May 2023: Reduced workforce 30% (43 employees) due to crypto bear market. Diversifying to enterprise/institutional customers. Specific user/revenue numbers not disclosed post-layoff.

Market positioning

Nansen is positioned as a leading on-chain analytics platform, particularly trusted by top crypto teams and investors. They are known for their in-depth analysis and labeling of wallets, which gives them a strong position in the market for sophisticated crypto analysis.

Geographic focus

While Nansen is a global platform, its headquarters are in Singapore, suggesting a strong focus on the Asian market. However, their investors and user base are global.

Patents and IP

No specific patents are publicly listed. However, the company's terms of service state that they own or license all intellectual property rights, including patents, related to their services and content.

About Alex Svanevik

Alex Svanevik is a co-founder and the CEO of Nansen. He has a background in data science and machine learning, with a Master's degree in Artificial Intelligence from the University of Edinburgh. Before Nansen, he was a Senior Consultant at BearingPoint, focusing on data management and predictive analytics, and also co-founded a data analytics company. His expertise lies in leveraging AI to analyze on-chain blockchain data.

Official website: