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.

cryptoZK and privacy Crypto securityY Combinator

Latest funding

$70M Series B+ · February 4, 2026

Led by Blockchain Capital · Source: fundraisingfox.com

Latest round on record: Series B+, September 2026, amount undisclosed.

Total raised: $219.9M across 6 sourced rounds

All 8 rounds ↓

Website: trmlabs.com.

X: @trmlabs · 17,425 followers.

LinkedIn: trmlabs.

Categories: ZK and privacy Crypto security.

Sectors: Blockchain Service.

Subcategory: blockchain compliance.

Stage: Series B+.

Based in: San Francisco, United States.

Founded: 2017.

Total raised: $219.9M in 6 sourced rounds.

Last round: Sep 10, 2026 · 63 days ago.

Team: 400 people on the team page.

On Recent Funding since: Sep 23, 2026.

Signals

X account@trmlabs · created Sep 11, 2018 (8 years old) · 17,425 followers

Website registeredJun 26, 2018 (8 years old)

About TRM Labs

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.

TIMELINE · MONEY RAISED

TRM Labs | 219 days from website to first raise on record

@trmlabs·Raised $220M in 6 sourced rounds·2 signals before the first raise

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

September 10, 2026
Series B+ · amount undisclosed · $1B valuation
BBlockchain Capital (lead)
Source: Pulse 2.0
February 4, 2026
Series B+ · $70M
BBlockchain Capital (lead), BBrevan Howard Asset Management, CCiti Ventures, CCMT Digital, DDRW Venture Capital, GGalaxy Digital, GGoldman Sachs, TThoma Bravo, TTiger Global Management, YY Combinator
Source: fundraisingfox.com
November 9, 2022
Series B+ · $70M
TThoma Bravo (lead), CCMT Digital, DDRW Venture Capital, GGeodesic Capital, GGoldman Sachs, GGreen D Ventures, MMarshall Wace, PPario Ventures, PPayPal Ventures, SScott Belsky
Source: fundraisingfox.com
December 7, 2021
Series B+ · $60M
TTiger Global Management (lead), IIntersection Fintech Ventures, JJPMorgan Chase & Co., JJump Capital, MMarshall Wace, MMichael Scarpelli, OOperator Partners, PPayPal Ventures, QQuiet Capital, VVisa
Source: finsmes.com
June 1, 2021
Series A · $14M
BBessemer Venture Partners (lead), BBlockchain Capital, IInitialized Capital, JJump Capital, PPayPal Ventures, SSalesforce Ventures
Source: crypto-fundraising.info
November 19, 2019
Seed · $4.2M
BBlockchain Capital, IInitialized Capital, PPayPal Ventures, SSeth Weinstein, SSGH CAPITAL, YY Combinator
Source: finsmes.com
Summer 2019
YY Combinator · batch
Source: ycombinator.com
January 31, 2019
Seed · $1.7M
BBlockchain Capital (lead), GGreen D Ventures, TTapas Capital, TThe MBA Fund
Source: crypto-fundraising.info
September 11, 2018
X account created
June 26, 2018
Website created

Founders and team

EC
Esteban Castaño Co-founder & CEO

LinkedIn · source: foundertrace.com
RR
Rahul Raina Co-Founder

@rahulr0609 · LinkedIn · source: foundertrace.com
AW
Adriel Wong Account Director
KB
Kiran Bondalapati VP Engineering
NG
Nat Gardenswartz VP of Finance

Acquisitions

Acquired company	Price	Announced
CCSITech	Not disclosed	Date not given · Business Wire
BBitcoinAbuse	Not disclosed	Date not given · Yahoo Finance

Investors

Companies like TRM Labs

EElliptic$120M Series B+ · May 2026
CChainalysisSeries B+ · Mar 2026
MMerkle ScienceSeries A
FFinTax$40M Seed · Aug 2026
SSeoul LabsSeed · Sep 2026
KKresus$13M Series A · Feb 2026

Other companies backed by Blockchain Capital

UUranium Digital$16.5M Series A · Nov 2026
PPredicate$8M Series A · Oct 2026
TTare$13M Seed · Sep 2026
PPaxos Labs (Amplify)$12M Seed · Apr 2026
BBluesky$100M Series B+ · Mar 2026
RRedotpay$107M Series B+ · Dec 2025

Blockchain Capital portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/trm-labs (get a free API key).