TRM Labs, a leading provider of blockchain intelligence and crypto compliance solutions, has officially attained unicorn status after successfully closing a $70 million Series C funding round. The financing round, which places the company’s valuation above $1 billion, was spearheaded by veteran crypto venture firm Blockchain Capital.
Supporting Blockchain Capital were several prominent institutional investors, including PayPal Ventures, Salesforce Ventures, and existing investors such as Tiger Global and General Catalyst. The substantial capital infusion reflects immense market confidence in TRM Labs’ ability to provide crucial infrastructure for regulatory adherence in the rapidly evolving digital asset landscape.
TRM Labs develops investigative and compliance tools used by major financial institutions, regulatory bodies, and government agencies to detect and prevent cryptocurrency-related fraud, money laundering, and sanctions violations. Its platform provides essential services such as real-time transaction monitoring, forensic analysis, and sanctions screening, enabling organizations to safely integrate digital assets into their operations while mitigating risk.
The newly acquired funds will be strategically deployed to accelerate the company’s global expansion, particularly focusing on bolstering its engineering and product development teams. This investment aims to meet the escalating demand for sophisticated compliance and risk management solutions as crypto adoption continues to surge worldwide, and regulatory scrutiny across jurisdictions intensifies. The achievement solidifies TRM Labs’ position as a market leader in the emerging crypto RegTech sector.
Source: Crypto analytics firm TRM Labs reaches unicorn status following $70M Blockchain Capital-led Series C
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