TRM Labs Secures $60M Series B Round
Summary
New and existing venture firms including B Capital Group, Bessemer Venture Partners, Blockchain Capital, Cap Table Coalition, Castle Island Ventures, Initialized Capital and Operator Partners also participated. The round also included investments from 50 of the worlds leading operators including Emilie Choi, President and COO of Coinbase; Frank Slootman, Chairman and CEO of Snowflake; and Michael Scarpelli, CFO of Snowflake. TRM Labs provides blockchain intelligence to help financial institutions, cryptocurrency businesses and public agencies detect, investigate and mitigate crypto-related fraud and financial crime. TRMs risk management platform includes solutions for cryptocurrency anti-money laundering (AML), transaction monitoring and wallet screening, investigative tracing and entity risk scoring including Know-Your-VASP. These tools enable organizations around the world to safely embrace cryptocurrency-related transactions, products, and partnerships.