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Goldman Sachs, PayPal Ventures, Amex Ventures, Citi Ventures and other leading financial institutions and their venture capital divisions participated in the financing, supporting TRM’s mission to create a safer blockchain ecosystem
SAN FRANCISCO–(BUSINESS WIRE)–
TRM Labs, a leading blockchain intelligence company, has announced a $70 million expansion to the company’s Series B funding round, bringing the raise to $130 million in total. The investment was led by Thoma Bravo, a leading software investment firm, with participation from Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures, and others. The expansion follows TRM’s $60 Million Series B raise in December 2021 led by Tiger Global.
TRM’s blockchain intelligence solutions are utilized by law enforcement agencies, regulatory bodies, tax authorities and financial intelligence units worldwide to support investigations and analysis of crypto-related fraud and financial crime.
TRM’s private sector clients include some of the most prominent organizations in the crypto and financial services space, including businesses like Circle, Shopify, MoonPay, OpenSea, Uniswap and others who use TRM’s blockchain intelligence platform to detect illicit or fraudulent financial activity and meet sanctions and anti-money laundering (AML) regulatory…
