Nansen acquires DeFi investment tracker Ape Board for undisclosed eight-figure sum

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Nansen acquires DeFi investment tracker Ape Board for undisclosed eight-figure sum By Quinnishvili

Ape Board will become the starting point for a new free-to-use portfolio tracker., a tool that allows users to track their portfolio of non-fungible token and decentralized finance investments.

Ape Board will become the starting point of a new free-to-use portfolio tracker that will integrate with the rest of’s features, according to an announcement on Tuesday. Nansen will incorporate Ape Board’s 13 employees into its 120-strong team in the coming months. Ape Board co-founder and CEO Mike Phulsuksombati will switch to heading up portfolio functionality.

Launched in 2020, Nansen is an analytics platform that pairs blockchain data with wallet labels. It is known for its ability to track what high-value investors are doing on-chain. Investors use the platform to assess opportunities and to stay on top of their portfolios with real-time alerts.round in December last year, raising $75 million in its Series B. Tiger Global, GIC and Andreessen Horowitz are among its most prominent backers.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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