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TRM Labs

TRM Labs

Private
San Francisco, CaliforniaCrypto & Web3https://trmlabs.com

Last Round

Series C

Extension

Sep 9, 2026

Est. Valuation

$2B

Total Funding Raised

$221.6M

Momentum

Top 1%

of companies Caplight tracks

Company Overview

TRM Labs operates in Crypto & Web3 and is based in San Francisco, California. Its latest recorded funding round was a Series C Extension round in September 2026.

TRM Labs is a blockchain intelligence company that provides a regulatory technology platform for financial institutions, crypto businesses, and government agencies to detect and investigate crypto-related financial crime and fraud.

Sector

Crypto & Web3

Verticals

Compliance & Risk, Blockchain Infrastructure, RegTech, Threat Intelligence

Business Model

B2G

Customer Profile

Subscription SaaS, Usage-Based SaaS

AI Layer

Application

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Pricing history

Caplight clients see full MarketPrice™ history and secondary transactions.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

Momentum history

Caplight clients track how buyer interest and sentiment change over time.

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TRM Labs Comparables

Compare TRM Labs with similar companies based on industry and business-model similarity.

TRM Labs comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Chainalysis
92%
Elliptic
89%
Crystal Intelligence
86%
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TRM Labs Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series C ExtensionSep 9, 2026
Series CFeb 4, 2026
Series B ExtensionNov 8, 2022
StrategicFeb 24, 2022
Series BDec 7, 2021
Series A
Jun 17, 2021
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Key People

Founding team and executive leadership

Esteban Castaño

Co-founder CEO

Founding Team

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TRM Labs Investors

Notable investors and investment history

TRM Labs investors
InvestorRounds
Human CapitalSeries B
Geodesic CapitalSeries B Extension
PayPal VenturesSeries B, Series A, Series B Extension, Seed
BH DigitalSeries C
Blockchain CapitalSeed, Series B, Series A, Series C, Series C Extension
Citi VenturesSeries C, Series B, Series B Extension
Castle Island VenturesSeries B
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Market signals

Structured signals derived from secondary market and firmographic data.

  • Nov 12, 2026

    Hosted Resolve user conference in Washington D.C. on November 2, 2026.

  • Nov 12, 2026

    Inaugural awards ceremony held in Washington D.C. on November 2, 2026.

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Recent news

Latest coverage and updates

  • launchesNov 13, 2026

    TRM Labs launches Beacon Concierge, a managed service that helps verified law enforcement agencies interdict and seize illicit crypto funds on any chain and in any asset, in California on Nov 12th '26.

  • attends_eventNov 12, 2026

    TRM Labs attends Resolve, its annual user conference, in District of Columbia on Nov 2nd '26, where three coalitions receive the inaugural Disruption Awards.

  • launchesNov 6, 2026

    TRM Labs launches the Beacon Network in 2025 as an intelligence-sharing system that helps companies coordinate quickly to immobilize stolen funds before seizing them.

  • attends_eventOct 21, 2026

    TRM Labs attends Token2049, where its APAC Head of Deployment Strategy discusses the firm’s collaboration with regional law enforcement, efforts to intercept stolen crypto, and response to evolving crypto fraud.

  • attends_eventSep 23, 2026

    At Iceberg Summit 2025, TRM Labs presents a well-documented example of selecting an engine for high-concurrency, low-latency analytics.

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TRM Labs Filings

Explore SEC and related filing metadata, where available.

TRM Labs filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about TRM Labs's valuation, stock price, and market status.

Is TRM Labs a public or private company?

TRM Labs is a private company.

What is the current stock price of TRM Labs?

TRM Labs is a private company, so its shares have no public market price. Caplight tracks TRM Labs's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is TRM Labs worth (valuation)?

TRM Labs's valuation is estimated at $2.0B based on funding round data.

Can I buy TRM Labs stock?

TRM Labs shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was TRM Labs's last funding round?

TRM Labs's most recent funding round was Series C Extension on September 9, 2026.

Who are the main investors in TRM Labs?

Key investors in TRM Labs include PayPal Ventures, Blockchain Capital, Tribe Capital, Bessemer Venture Partners, Tiger Global Management.

Will TRM Labs IPO soon?

No public IPO plans have been announced for TRM Labs.

How can I track TRM Labs secondary market activity?

Caplight tracks bids, offers, and trades in TRM Labs's shares on secondary markets.

Firmographic Details

HeadquartersSan Francisco, California
Employee Range329
Year Founded2018
Last FundingSep 9, 2026

Institutional Data Access

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