Tiger Global Leads US$60 Million Series B for Blockchain Firm TRM Labs

Tiger Global Leads US$60 Million Series B for Blockchain Firm TRM Labs

by December 8, 2021

US blockchain intelligence company TRM Labs has raised US$60 million in a Series B funding round.

Tiger Global was the lead investor in the Series B, according to a statement. The round also saw participation from American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square, Inc.) and PayPal Ventures.

Other participating investors include B Capital Group, Bessemer Venture Partners, Blockchain Capital, Cap Table Coalition, Castle Island Ventures, Initialised Capital and Operator Partners.

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Furthermore, 50 angel investors including Emilie Choi, President and COO of Coinbase, Frank Slootman, Chairperson and CEO of Snowflake, and Michael Scarpelli, CFO of Snowflake, also pitched in.

TRM Labs uses cross-chain data with threat intelligence, advanced analytics, and intuitive visualisations to detect crypto fraud and financial crime.

Launched out of Y Combinator in 2019, TRM has recorded 600% year-over-year in revenue since then, the statement said. Customers for its solutions include Circle, FTX US, MoonPay and government agencies.

Esteban Castaño, co-founder and CEO of TRM

Esteban Castaño

“Crypto is moving faster than any sector in our lifetimes. Organisations need a blockchain intelligence partner that can stay ahead of the evolving risk landscape — from ransomware attacks to DeFi exploits.


This round enables TRM to continue to offer the most reliable data and most innovative technology solutions in the market to its customers,”

said Esteban Castaño, Co-founder and CEO of TRM.