United States · Series C startup

Who invested in TRM Labs

2 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

CybersecurityWeb3 & Crypto

Raised 9 months agoY Combinator: S19

Funding summaryUpdated 26 Oct 2026

$74Mraised across 2 rounds since 2019, from 4 sources

$4.2MRound$70MSeries C
Latest round
Series C, $70MFeb 2026
Led by
Blockchain Capital
Step-upi
16.7×
Investors
13 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020202120222023202420252026
$4.2MRound$70MSeries C
First round
Round, $4.2M
Nov 2019
Biggest round
$70M
Series C · Feb 2026
Between rounds
6.3 years
from the last two

The rounds

  1. Feb 2026
  2. Nov 2019

Founders and team

From TRM Labs's own website: 4 on the team.

  • Esteban CastañoCEO, TRM Labs
  • Sujit RamanChief Legal Officer
  • Ari RedbordGlobal Head of Policy
  • Ali ComolliGlobal Capacity Building Lead

AdvisersTom Armstrong

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Blockchain CapitalVC firm2rounds, led 1
Y CombinatorAccelerator2rounds
Alumni VenturesVC firm1round
Goldman SachsPrivate equity1round
B CapitalVC firm1round
Quiet CapitalVC firm1round
Initialized CapitalVC firm1round
CMT DigitalVC firm1round
Citi VenturesCorporate VC1round
PayPal VenturesCorporate VC1round
Brevan HowardAsset manager1round
Thoma BravoPrivate equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 6 firms list TRM Labs as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Castle Island VenturesVC firmPer its own site
Geodesic CapitalVC firmPer its own site
SGH CAPITALVC firmPer its own site
ChemistryVC firmPer its own site
The MBA FundVC firmPer its own site
Hyperscale FundHedge fundPer its own site

Quick answers about TRM Labs

Who invested in TRM Labs?

TRM Labs's investors include Blockchain Capital, Y Combinator, Alumni Ventures, Bessemer Venture Partners and Goldman Sachs, and 8 more on record. Blockchain Capital led its latest round.

How much has TRM Labs raised?

TRM Labs has raised $74M across 2 rounds since 2019.

When did TRM Labs last raise?

TRM Labs's most recent round was a Series C of $70M in Feb 2026, led by Blockchain Capital.

What was TRM Labs's biggest round?

Its most recent round, $70M in Feb 2026, is also its largest on record.

Who backed TRM Labs first?

TRM Labs's first round on record, in Nov 2019, was backed by Y Combinator, Initialized Capital and Blockchain Capital and 1 others.

What stage is TRM Labs at?

TRM Labs's latest named round is a Series C, in Feb 2026.

Where is TRM Labs based?

TRM Labs is based in the United States.

Who led TRM Labs's rounds?

Blockchain Capital led the Series C in 2026.

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