TRM Labs raises $60 million in Series B led by Tiger Global and other investors

Blockchain analytics firm TRM Labs closed a Series B financing round worth $60 million. It was led by investment firm Tiger Global.

Big day 🚀 Announcing the close of our Series B funding round led by @TigerGlobalFund. Read the full story here: https://t.co/XmdaqYRgFe pic.twitter.com/rVoCDS06xX

— TRM Labs (@trmlabs) December 7, 2021

Participants in the round also included Visa, PayPal Ventures, Block (the company formerly known as Square), Jump Capital, DRW Venture Capital, Marshall Wace, Citi Ventures, Amex Ventures and others.

“The crypto industry is evolving faster than any other sector. Organizations need a blockchain-analytics partner capable of staying ahead of the changing risk landscape—from ransomware attacks to DeFi exploits,” said the firm’s chief, Esteban Castano.

Founded in 2017, TRM Labs provides blockchain-analytics tools to financial and government agencies, as well as cryptocurrency companies, to detect fraud and financial crimes involving digital assets.

In June 2021, TRM Labs closed a Series A round for $14 million.

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