Blockchain Intelligence Firm TRM Labs Raises $70M in Expanded Series B Round
Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.
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Blockchain-based intelligence firm TRM Labs announced on November 9 a $70 million extension to its Series B funding round, bringing the total raised to $130 million. Series B investor Thoma Bravo, among the world's largest private equity firms, manages over $122 billion in assets.
The round was led by Thoma Bravo, with participation from Goldman Sachs and previous investors from TRM, PayPal Ventures, Amex Ventures and Citi Ventures. The expansion follows TRM's $60 million Series B raise in December 2021 led by Tiger Global.
Funds will support product development and talent acquisition to provide accessible tools to combat illicit finance and fraud, as well as meet demand for incident response services and training programs , the company said.
“The demand has never been greater for solutions that help protect crypto users, prevent illicit actors and support blockchain-based innovation,” said Esteban Castaño, co-founder and CEO of TRM.
Since the first round of Series B in December, the company has acquired CSITech – a crypto and blockchain investigative firm known for its expertise in blockchain forensics – and launched Chainsbuse, a free community-based threat reporting platform. scams.
TRM claims to provide blockchain intelligence solutions to law enforcement agencies, regulators, tax authorities and financial intelligence units around the world, supporting fraud investigations and analysis and crypto-related financial crime.
Related: Blockchain Forensics Is the Trusted Informant in Crypto Crime Scene Investigations
Christine Kang, Principal at Thoma Bravo, said TRM's blockchain intelligence solutions are becoming increasingly important in the "rapidly changing regulatory landscape" that is crypto.
TRM Labs was founded in 2018 and claims to have seen 490% year-over-year revenue growth. Its members include former law enforcement officers from the UK National Crime Agency, INTERPOL,...
Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.
New
Blockchain-based intelligence firm TRM Labs announced on November 9 a $70 million extension to its Series B funding round, bringing the total raised to $130 million. Series B investor Thoma Bravo, among the world's largest private equity firms, manages over $122 billion in assets.
The round was led by Thoma Bravo, with participation from Goldman Sachs and previous investors from TRM, PayPal Ventures, Amex Ventures and Citi Ventures. The expansion follows TRM's $60 million Series B raise in December 2021 led by Tiger Global.
Funds will support product development and talent acquisition to provide accessible tools to combat illicit finance and fraud, as well as meet demand for incident response services and training programs , the company said.
“The demand has never been greater for solutions that help protect crypto users, prevent illicit actors and support blockchain-based innovation,” said Esteban Castaño, co-founder and CEO of TRM.
Since the first round of Series B in December, the company has acquired CSITech – a crypto and blockchain investigative firm known for its expertise in blockchain forensics – and launched Chainsbuse, a free community-based threat reporting platform. scams.
TRM claims to provide blockchain intelligence solutions to law enforcement agencies, regulators, tax authorities and financial intelligence units around the world, supporting fraud investigations and analysis and crypto-related financial crime.
Related: Blockchain Forensics Is the Trusted Informant in Crypto Crime Scene Investigations
Christine Kang, Principal at Thoma Bravo, said TRM's blockchain intelligence solutions are becoming increasingly important in the "rapidly changing regulatory landscape" that is crypto.
TRM Labs was founded in 2018 and claims to have seen 490% year-over-year revenue growth. Its members include former law enforcement officers from the UK National Crime Agency, INTERPOL,...
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