Nansen strokes 30 % of the workforce and wants to prioritize sustainable management

Veröffentlicht:

Von:

The blockchain data analysis company Nansen Research reduces its workforce by 30 %. Last year there were often releases in all crypto companies.

With the latest step, Nansen is part of the growing list of companies such as Coinbase, Blockchain.com, Consensys, Gemini, Huobi Polygon Labs, Elliptic, Messari, Dapper Labs, Chainalysis, Immutable etc.

nansen refreshment

CEO Alex Svanevik announced on Twitter the "extremely difficult decision" full responsibility. The managing director pointed out that Nansen's attempt to expand into business areas that did not belong to the core of the corporate strategy backfired. Svanevik added that the team would concentrate on targeting fewer things, but to make them "extremely good".

"Firstly, we enlarged the team due to the rapid growth in our first years of operation. We wanted to invest and build up in a difficult market than others had to drive back. This organic growth led to the organization that was not really part of the nuclear strategy of Nansen."

nansen was founded in 2019 and has been enormous in less than three years. During the same period, the company experienced a diversification of income through corporate customers and institutional customers. Due to the brutal market situation last year, the cost base of Nansen increased too much in comparison to the current position of the company. Therefore, the construction of a sustainable company is in the foreground, according to the CEO.

"I am infinitely grateful to the incredible people from whom we separate. In December 2021,

also collected $ 75 million through a financing round of Series B, led by the Risk capital Society ACCEL. The other participants of the round included Gic, Andreessen Horowitz (A16Z) and Tiger Global.

Introduction of the Nansen query

In March, the company based in Singapore launched a new solution based on the Google Cloud platform with the name "Nansen Query", which should offer a comprehensive data solution for cryptofocussed teams and projects.

According to the report, the new offer should improve data access in several chains and support companies in making better customer, product and investment decisions.