TRM Labs Raises $70M Series B Expansion Funding


TRM Labs, a San Francisco, CA-based blockchain intelligence company, raised $70M in Series B funding.

The round was led by Thoma Bravo, with participation from Goldman Sachs, PayPal Ventures, Amex Ventures, and Citi Ventures. The expansion follows TRM’s $60M Series B raise in December 2021 led by Tiger Global.

The company intends to use the funds to make additional strategic investments in product development and talent.

Led by CEO Esteban Castaño, TRM Labs provides blockchain intelligence to help government agencies, financial institutions and cryptocurrency businesses detect, investigate and mitigate crypto-related fraud and financial crime. Its risk management platform includes solutions for cryptocurrency anti-money laundering (AML), transaction monitoring and wallet screening, investigative tracing and entity risk scoring including Know-Your-VASP. These tools enable organizations to safely embrace cryptocurrency-related transactions, products, and partnerships.

TRM’s blockchain intelligence solutions are utilized by law enforcement agencies, regulatory bodies, tax authorities and financial intelligence units worldwide to support investigations and analysis of crypto-related fraud and financial crime.