TRM Labs Completes $70M Series C Funding at $10B Valuation

KuCoinFlash

Release Time: 02/04/2026 10:18:31

Summary

TRM Labs closed a $70M Series C round at a $10B valuation, marking major project funding news in the on-chain news sector. The round was led by Blockchain Capital, with Goldman Sachs, Bessemer, and Citi Ventures among the participants. The firm’s tools are widely used by law enforcement and private clients, with 40% of users from the private sector. As tokenized assets gain traction, the company is expected to attract more institutional clients.

BlockBeats news, on February 4, according to Fortune, crypto crime-fighting startup TRM Labs has completed a new $70 million Series C round at a $1 billion valuation, led by its early investor Blockchain Capital, with participation from a number of well-known traditional investment institutions including Goldman Sachs, Bessemer, Brevan Howard, Thoma Bravo, and Citi Ventures. This round of financing has brought TRM Labs' valuation to $1 billion, making it a so-called "crypto unicorn."

With its blockchain analysis software, TRM Labs has become a well-known brand among global law enforcement agencies and an increasing number of private companies that use cryptocurrency for fund transfers. According to TRM Labs co-founder Castaño, about 40% of TRM's clients come from the private sector, but he said this percentage is growing as financial institutions explore tokenized deposits, equities, and other assets.

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