Crypto compliance company TRM Labs completes $70 million Series C funding, led by Blockchain Capital

ZkProver · 2026-02-04T10:16:36+00:00

TRM Labs announces completion of $70 million Series C funding, valuing the company at $1 billion, becoming a new crypto unicorn. The company specializes in blockchain analysis and collaborates with law enforcement agencies and private enterprises worldwide. The funding was led by Blockchain Capital, and the team has expanded to 350 people.

ZkProver

2026-02-04 10:16:36

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ChainCatcher News reports that, according to Fortune magazine, the cryptocurrency compliance and investigation startup TRM Labs announced the completion of a $70 million Series C funding round, valuing the company at $1 billion and making it a new “crypto unicorn.”

This round was led by early investor Blockchain Capital, with participation from traditional institutions such as Goldman Sachs, Bessemer, Brevan Howard, Thoma Bravo, and Citigroup Venture Capital. TRM Labs was founded in 2018 by Esteban Castaño and Rahul Raina. Its blockchain analysis software is widely adopted by law enforcement agencies worldwide and an increasing number of private companies using cryptocurrencies for fund transfers.

Currently, about 40% of TRM’s clients come from the private sector, and this proportion is growing as financial institutions explore tokenized deposits, equities, and other assets. The company’s team has rapidly expanded to 350 people and is leveraging AI technology to combat evolving criminal tactics.

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