Blockchain-based intelligence company TRM Labs has announced a $70 million expansion to its Series B funding round, bringing the total raised to $130 million, announced the company on Nov. 9. Among the world's largest private equity firms, Series B investor Thoma Bravo manages more than $122 billion in assets.
The round was led by Thoma Bravo, with Goldman Sachs (NYSE:GS) and previous TRM investors PayPal (NASDAQ:PYPL) Ventures, Amex Ventures and Citi Ventures participating. The expansion follows TRM’s $60 Million Series B raise in December 2021 led by Tiger Global.