Global software investment firm Thoma Bravo has led a $70 million expansion to TRM Labs’ Series B funding round, bringing the raise to $130 million in total.
Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures, and others, also participated in the round. The expansion follows TRM’s original $60 million Series B raise in December 2021 led by Tiger Global.
With this funding round, TRM expects to make additional strategic investments in product development and talent to deliver the most effective, accessible tools to counter illicit finance and fraud in the crypto space and to meet demand for its Incident Response services and training programmes.
Read more: Private Equity Wire
