TRM Labs
TRM Labs is a blockchain intelligence company that helps financial institutions, crypto businesses, and government agencies detect and investigate crypto-related financial crime and fraud. Our products are trusted by leading companies including PayPal, Visa, FTX, Uniswap, Anchorage, and federal agencies such as the FBI and IRS. Every day, we tackle challenges in data engineering, data science, and threat intelligence to advance our mission to build a safer financial system for billions of people. To accomplish our mission, we have raised over $79M from JPMorgan Chase, Visa, Citi, PayPal, Block, Tiger Global, and Bessemer. Our team is made up of world class experts from the FBI, U.S. Secret Service, US Treasury Department, McKinsey, Coinbase, and top-tier tech companies. TRM is a remote-first workplace, with hubs in San Francisco, Washington, DC, and London.
Founded by Esteban Castaño (Co-founder & CEO), Rahul Raina (Co-founder & CTO)
| Round | Announced | Raised | Post-money |
|---|---|---|---|
| Series C | Sep 9, 2026 | — | $2B |
| Series C | Feb 4, 2026 | $70M | $1B |
| Series B | Nov 9, 2022 | $70M | — |
| Series B | Dec 7, 2021 | $60M | — |
| Series A | Jun 17, 2021 | $14M | — |
- BCBlockchain Capital
- BVBessemer Venture Partners
- TGTiger Global Management
- YCY Combinator
- PVPayPal Ventures
- AVAlumni Ventures
- CVCiti Ventures
- CDCMT Digital
- DVDRW Venture Capital
- GSGoldman Sachs
| Kind | Implied valuation | Price / share | Date |
|---|---|---|---|
| $808.4M | $20.00 | Sep 14, 2026 | |
| $808.4M | $20.00 | Sep 7, 2026 | |
| $808.4M | $20.00 | Sep 1, 2026 |
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Data as of Oct 16, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.