TRM Labs Secures $70 Million in Series C Funding, Achieves Unicorn Status

TRM Labs, a startup specializing in cryptocurrency compliance and investigations, has announced the completion of a $70 million Series C funding round, elevating its valuation to $1 billion and earning it the status of a 'crypto unicorn. ' According to PANews, the funding round was led by early investor Blockchain Capital, with participation from traditional institutions such as Goldman Sachs, Bessemer, Brevan Howard, Thoma Bravo, and Citi Ventures. Founded in 2018 by Esteban Castaño and Rahul Raina, TRM Labs provides blockchain analysis software that is widely used by global law enforcement agencies and an increasing number of private companies engaged in cryptocurrency transactions. Currently, around 40% of TRM's clientele comes from the private sector, a figure that is growing as financial institutions explore tokenized deposits, equities, and other assets source: https://www.binance.com/en/square/post/35998113310433?utm_source=BinanceNewsRSS