TRM Labs raises $70 million in Series C, joins the ranks of 'crypto unicorns'

JOON HYOUNG LEE

Summary

It reported that TRM Labs achieved a $1 billion valuation and joined the ranks of crypto unicorns.
It reported that TRM Labs recently completed a $70 million Series C funding round.
It said the Series C included Goldman Sachs, Citi Ventures, and Blockchain Capital, among others.

Blockchain analytics firm TRM Labs has reached a valuation of $1 billion (approximately $1.46 billion).

According to U.S. magazine Fortune on the 4th (local time), TRM Labs recently completed a $70 million Series C funding round. Participants in the Series C included Goldman Sachs, Citi Ventures, and Blockchain Capital.

In the funding round, TRM Labs was valued at $1 billion. Fortune reported that “TRM Labs has joined the ranks of ‘crypto unicorns’ as it realizes its founders’ early vision that blockchain will become central to global finance.”