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.
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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.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul