Key Takeaways
- Lars Bakke Krogvig is the Co-founder and Engineering Director at Nansen, a company that analyzes user blockchain data.
- Lars studied Applied Mathematics, spending a year at the University of Twente before completing his Master’s at NTNU in 2014.
- Nansen provides tools and dashboards that help traders and investors explore detailed on-chain information and market trends.
Who Is Lars Bakke Krogvig?
Lars Bakke Krogvig is the Co-founder and Engineering Director at Nansen, a company that analyzes blockchain data. It provides a platform with tools and dashboards to help users explore detailed on-chain information. Lars spent a year at the University of Twente from 2012 to 2013 as an exchange student in Applied Mathematics. He later completed his Master of Science in Applied Mathematics at the Norwegian University of Science and Technology (NTNU) between 2009 and 2014.
Early Career
Lars Bakke Krogvig started his career with a summer job as a research assistant at Norsk Regnesentral, where he gained practical experience in data research and analysis. In 2013, he worked as a teaching assistant at the Norwegian University of Science and Technology (NTNU), helping students with math and technical subjects. His degree in applied mathematics gave him a solid foundation for his future work in data analytics and blockchain technology.
Joining BearingPoint
In August 2014, Lars worked as a Senior Technology Analyst at BearingPoint, a global consulting company. His job involved working on different technical projects, using his knowledge of business analytics and technology-based solutions. In 2016, he moved into a Tech Consultant role, where he learned more about enterprise technology and data systems.
Career in Data Science
After working in consulting, Lars decided to focus on data science and analytics. From 2016 to 2019, he was a Senior Data Engineer at Unacast, a company that works with location data and mobility insights. His job included building large data pipelines, improving data systems, and working on real-time data analytics projects. Later, he joined D5 – The Data Science DAO as a Data Engineer, working on decentralized data solutions and blockchain projects.
Co-Founding Nansen
In October 2020, Lars co-founded Nansen with Alex Svanevik and Evgeny Medvedev. As VP of Engineering, he led the development of Nansen’s blockchain analytics platform. His team built tools that help users study blockchain data, track transactions, and find trends in the crypto space.
Nansen’s Blockchain Analytics Platform
Nansen helps users understand blockchain activity by studying transactions and organizing millions of wallets into categories. The platform is made for traders, investors, and businesses that want to make smart decisions based on data. By focusing on key trends in blockchain data, Nansen helps users keep up with the fast-changing world of cryptocurrency and decentralized finance (DeFi).
Funding and Growth
In 2020, Nansen attracted early interest from investors and secured $1.2 million in seed funding from Mechanism Capital and Skyfall Ventures. In 2021, it secured $12 million in a Series A funding round led by Andreessen Horowitz (a16z), with support from Skyfall Ventures, Coinbase Ventures, and other investors. This funding helped Nansen improve its platform and grow its presence in the blockchain analytics industry.
Blockchain Intelligence for Investors
At the European Blockchain Convention 9, Lars Bakke Krogvig, Co-Founder of Nansen, shared insights on using data analytics for crypto investments. With a background in data engineering, he discussed how on-chain data can reveal market trends, improve decision-making, and enhance transparency in the digital asset space. His talk focused on how real-time blockchain data helps investors understand and manage the crypto market.
Expanding Beyond Analytics
As Nansen grew, it moved beyond data analytics. In September 2024, it bought StakeWithUs, a platform offering staking services on blockchains. The purchase amount was not shared, but it fit with CEO Alex Svanevik’s plan to expand Nansen’s services to include investment options for both institutions and individual traders. StakeWithUs, backed by Singapore’s SGInnovate initiative, has been an important name in the staking industry.
Future Vision
With Lars Bakke Krogvig leading the engineering team, Nansen keeps improving its blockchain analysis tools and looking for new opportunities in DeFi and other areas. The company stays focused on helping users understand the crypto space through clear, data-driven insights while expanding its services to offer more value to investors and businesses.
Final Thoughts
Lars Bakke Krogvig’s path from studying applied mathematics to co-founding Nansen shows his strong skills in data science and blockchain technology. His experience in analytics, consulting, and engineering helped Nansen become a top platform for blockchain insights.
Under his leadership, the company has grown quickly, gained investors, and expanded its services, including purchasing StakeWithUs for staking solutions. As Nansen improves its blockchain tools and explores new areas in DeFi, Lars stays focused on helping users understand the fast-changing crypto world with clear data.
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