Total amount raised
$149.9 Million
Latest funding date
11/1/2022
Location
TRM Labs has successfully raised funds through eight rounds, with the latest being a Series B round led by Thoma Bravo. The company is backed by a diverse group of 38 investors, including DRW Venture Capital and Alumni Ventures.
TRM Labs offers a comprehensive blockchain intelligence platform designed to investigate, monitor, and detect crypto and digital asset 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 is a private software company based in San Francisco, California, specializing in blockchain intelligence and risk management. The company operates in industries such as Big Data, Blockchain, Compliance, and Cryptocurrency.
Founded by Esteban Castaño, TRM Labs provides a range of products and services designed to detect and prevent crypto-facilitated crime. The company employs between 101-250 people and serves a global clientele, including government agencies, financial institutions, and crypto businesses.
How Much Funding Has TRM Labs Raised?
- Series B
- Amount Raised: USD 70,000,000
- Date: November 2022
- Lead Investors: Thoma Bravo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance product offerings.
- Series B
- Amount Raised: USD 60,000,000
- Date: December 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business to meet global demand for its platform.
- Series A
- Amount Raised: USD 14,000,000
- Date: June 2021
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development.
- Seed
- Amount Raised: USD 4,200,000
- Date: November 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and expand the team.
- Seed
- Amount Raised: USD 1,700,000
- Date: January 2019
- Lead Investors: Blockchain Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and build the foundational technology.
Total amount raised: USD 149,900,000. Current valuation: Not publicly disclosed.
Key Investors
- Thoma Bravo
- Details: Thoma Bravo is a leading private equity firm with a focus on software and technology-enabled services. They have a history of investing in high-growth companies and helping them scale.
- Investment Focus Areas: Software, Technology, Financial Services
- Notable Investments: TRM Labs, McAfee, SolarWinds
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, Software, Consumer, Financial Technology
- Notable Investments: TRM Labs, Facebook, LinkedIn
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage companies across various sectors. They have a long history of successful investments in technology and healthcare.
- Investment Focus Areas: Technology, Healthcare, Financial Services
- Notable Investments: TRM Labs, Pinterest, LinkedIn
- Blockchain Capital
- Details: Blockchain Capital is a venture capital firm that focuses exclusively on the blockchain technology sector. They are one of the most active investors in the blockchain space.
- Investment Focus Areas: Blockchain, Cryptocurrency, Fintech
- Notable Investments: TRM Labs, Coinbase, Ripple
- DRW Venture Capital
- Details: DRW Venture Capital is the investment arm of DRW, a diversified principal trading firm. They invest in companies that are transforming the financial services industry.
- Investment Focus Areas: Financial Services, Technology, Blockchain
- Notable Investments: TRM Labs, Digital Asset, ErisX
What's Next for TRM Labs?
TRM Labs stands at the cusp of significant growth opportunities, driven by the rapid expansion of the cryptocurrency sector. The company is poised to scale its operations, leveraging its advanced blockchain intelligence platform to meet the increasing demand from financial institutions, public agencies, and cryptocurrency firms. With substantial backing from major investors, TRM Labs is well-positioned to capitalize on the burgeoning need for anti-money laundering and crypto compliance solutions.
Future fundraising opportunities appear promising as the company continues to attract interest from high-profile investors. The potential for strategic investments or acquisitions by larger financial institutions or technology companies could further accelerate TRM Labs' growth. However, the company must navigate the challenges of regulatory scrutiny and the fast-paced evolution of the crypto landscape. Ensuring their technology remains ahead of emerging threats will be crucial for sustained success.
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