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News

Blockchain Intelligence Company TRM Labs Announces $70 Million Series B Expansion

November 10, 2022 - Around 2 mins mins to read
Leading blockchain intelligence company TRM Labs has announced an addition to its Series B investment round of $70 million, increasing the total raised to $130 million.
Blockchain Intelligence Company TRM Labs Announces $70 Million Series B Expansion

Thoma Bravo, a private equity firm that offers risk management and compliance services to financial institutions, cryptocurrency businesses, and governmental organizations, has led the round.

Thoma Bravo is one of the institutional participants involved in the equity sale, along with Goldman Sachs and the venture divisions of PayPal, Amex, and Citi Group.

Esteban Castaño, co-founder and CEO of TRM, stated:

“Demand has never been stronger for solutions that help protect crypto users, impede illicit actors, and support blockchain-based innovation. As the industry continues to mature, TRM is setting the standard for data, products, and training that equip enterprises and governments to combat fraud and financial crime, even as new threats emerge.”

Blockchain Intelligence Company TRM Labs Announces $70 Million Series B Expansion

Software that enables the tracking of cryptocurrency transactions, risk analysis of other crypto firms, and transaction monitoring for anti-money laundering compliance are all part of TRM’s main product range.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Blockchain Intelligence Company TRM Labs Announces $70 Million Series B Expansion

Leading blockchain intelligence company TRM Labs has announced an addition to its Series B investment round of $70 million, increasing the total raised to $130 million.
Blockchain Intelligence Company TRM Labs Announces $70 Million Series B Expansion

Thoma Bravo, a private equity firm that offers risk management and compliance services to financial institutions, cryptocurrency businesses, and governmental organizations, has led the round.

Thoma Bravo is one of the institutional participants involved in the equity sale, along with Goldman Sachs and the venture divisions of PayPal, Amex, and Citi Group.

Esteban Castaño, co-founder and CEO of TRM, stated:

“Demand has never been stronger for solutions that help protect crypto users, impede illicit actors, and support blockchain-based innovation. As the industry continues to mature, TRM is setting the standard for data, products, and training that equip enterprises and governments to combat fraud and financial crime, even as new threats emerge.”

Blockchain Intelligence Company TRM Labs Announces $70 Million Series B Expansion

Software that enables the tracking of cryptocurrency transactions, risk analysis of other crypto firms, and transaction monitoring for anti-money laundering compliance are all part of TRM’s main product range.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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