Total amount raised
$149.9 Millions
Latest funding date
11/1/2022
Location
TRM Labs has successfully raised over $79 million across multiple funding rounds, with the latest being a Series B round. The company offers a comprehensive suite of blockchain intelligence solutions designed to monitor, investigate, and detect crypto-related fraud and financial crime.
Keep reading to explore the intricacies of TRM Labs' fundraising journey and the investors backing this innovative platform.
What Is TRM Labs?
TRM Labs, founded in 2018 by Esteban Castano and Rahul Raina, is headquartered in San Francisco, California. The company specializes in blockchain intelligence, offering solutions to detect and investigate crypto-related financial crime and fraud.
TRM Labs' products are trusted by leading financial institutions, crypto businesses, and government agencies, including the FBI and IRS. Their offerings include transaction monitoring, wallet screening, and cross-chain analytics.
With a team of 101-250 employees, TRM Labs continues to innovate in the field of blockchain intelligence, providing comprehensive tools for risk management and due diligence.
How Much Funding Has TRM Labs Raised?
- Seed Round
- Amount Raised: $1.7M
- Date: January 2019
- Lead Investors: Blockchain Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their blockchain intelligence platform.
- Seed Round
- Amount Raised: $4.2M
- Date: November 2019
- Lead Investors: PayPal Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series A
- Amount Raised: $14M
- Date: June 2021
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow their team and enhance their blockchain intelligence solutions.
- Series B
- Amount Raised: $60M
- Date: December 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and meet the growing demand for their platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: JP Morgan Chase
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their technology and expand their market reach.
- Series B
- Amount Raised: Not publicly disclosed
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue their growth trajectory and enhance their product offerings.
- Series B
- Amount Raised: $70M
- Date: November 2022
- Lead Investors: Thoma Bravo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance their mission of building a safer financial system.
Total Amount Raised: $149.9M
Current Valuation: Not publicly disclosed
Key Investors
- JPMorgan Chase
- Details: JPMorgan Chase is a leading global financial services firm with a presence in over 100 markets. It offers a wide range of financial services, including investment banking, asset management, and private banking.
- Investment Focus Areas: Financial services, fintech, asset management
- Notable Investments: Robinhood, Plaid, Toast
- PayPal Ventures
- Details: PayPal Ventures is the venture capital arm of PayPal, focusing on investments in innovative fintech companies. It aims to support the growth of companies that align with PayPal's mission to democratize financial services.
- Investment Focus Areas: Online payments, fintech, e-commerce
- Notable Investments: Tala, Acorns, PPRO
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the technology, internet, and consumer sectors. It has a strong track record of backing high-growth companies.
- Investment Focus Areas: Technology, internet, consumer
- Notable Investments: Stripe, Coinbase, LinkedIn
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm with a long history of investing in early-stage technology companies. It has a diverse portfolio that spans various sectors.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
- Blockchain Capital
- Details: Blockchain Capital is a venture capital firm that specializes in blockchain technology and cryptocurrency investments. It aims to support the development of the blockchain ecosystem.
- Investment Focus Areas: Blockchain, cryptocurrency, fintech
- Notable Investments: Coinbase, Ripple, Kraken
What's Next for TRM Labs?
TRM Labs stands at the cusp of significant growth, driven by the increasing demand for anti-money laundering and crypto compliance solutions. With the recent $60 million Series B funding, the company is poised to expand its intelligence platform to more financial institutions, public agencies, and cryptocurrency firms. The involvement of major investors like Tiger Global, Visa, and PayPal Ventures underscores the vast opportunities available in the rapidly evolving crypto sector.
Future fundraising opportunities appear promising as the need for sophisticated AML tools continues to rise. TRM Labs may attract further investments to enhance their technology and scale operations. However, the company must navigate regulatory complexities and maintain the reliability of their solutions to stay ahead in this competitive landscape.
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