PayPal, Salesforce contribute to TRM Labs’ $14M investment round

Published 06/17/2021, 10:00 AM
Updated 06/17/2021, 12:00 PM
PayPal, Salesforce contribute to TRM Labs’ $14M investment round
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Blockchain intelligence platform TRM Labs has secured $14 million in Series A funding from venture funds across the crypto and technology sectors, sending a strong signal that major investors are backing digital-asset projects with ever-growing conviction.

The venture capital arms of PayPal and Salesforce (NYSE:CRM) contributed to the raise, which was led by Bessemer Venture Partners, a VC with 130 IPOs under its belt. The full list of investors includes Initialized Capital, Jump Capital, Operator Partners, Blockchain Capital and executives from Google-parent Alphabet (NASDAQ:GOOGL) Inc.

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