Spencer Bogart

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TRM Labs doubles valuation to $2 billion in expanded Series C

As of September 2026: Led Blockchain Capital's TRM investment in both Series C tranches

TRM Labs, a San Francisco company that traces illicit cryptocurrency, expanded its Series C round on September 9 at a $2 billion valuation, twice its February level. Blockchain Capital, which led a $70 million tranche in February, led this expansion too.

Updated Sep 10