TRM Labs, the blockchain intelligence firm, announced its Series B round has expanded from $60 million to $130 million.
While Tiger Global led the first part of the round in December 2021, this extension was led by private equity firm Thomas Bravo with Goldman Sachs as a new investor. The extension includes existing investors such as PayPal Ventures, Amex Ventures, Citi Ventures, and others. JP Morgan invested in February.
The company’s clients are a mix of government organizations such as law enforcement and tax authorities, as well as private sector clients. Its tools are used by authorities to investigate cryptocurrency-related fraud and crime. It serves a similar purpose for private companies but, in addition, provides anti-money laundering vetting services.
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