TRM Labs Lands $60 Million Series B Round

The blockchain intelligence company provides tools to detect crypto fraud and financial crime. Tiger Global led the funding round.

article-image

Esteban Castaño (left) & Rahul Raina, Founders of TRM Labs; Source: TRM Labs

share
  • Tiger Global led a funding round with participation the venture capital arm of American Express, Visa, Citigroup, along with DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square, Inc.) and PayPal Ventures.
  • TRM Transaction Monitoring is used by major crypto firms like FTX US, Circle and MoonPay to detect suspicious activity and comply with Anti-Money Laundering (AML) regulations

San Francisco-based TRM Labs announced today its Series B raise of $60 million. Born from the famed Y Combinator incubator program in 2019, TRM has grown its team to a headcount of 60, while revenue is up 600% year-over-year.

The company works with financial institutions, cryptocurrency-focused companies, and public sector agencies on issues of fraud and financial crime. Its toolkit includes services for monitoring and screening cryptocurrency wallets and transactions, to help companies manage risk and comply with regulations.

Tiger Global, helmed by billionaire Chase Coleman, led the funding round. “TRM is well-positioned to lead the industry as the premier blockchain intelligence solution,” said Tiger Global’s John Curtius, in a statement.

Block, which recently changed its name from Square Inc., was among the participants in the Series B. Mike Brock, who leads Block’s TBD division, noted of TRM Labs’ business, that “risk and compliance is a crucial piece of the puzzle as financial institutions, blockchain-based businesses, and government entities look to bring crypto into the world of finance.”

Multiple other venture firms and prominent individual investors participated in the round. Venture capital funding came from B Capital Group, Bessemer Venture Partners, Blockchain Capital, Cap Table Coalition, Castle Island Ventures, Initialized Capital, Operator Partners. Among 50 individual investors were Emilie Choi, President and COO of Coinbase, Frank Slootman, Chairman and CEO of Snowflake along with Snowflake’s CFO Michael Scarpelli.


Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /