Thoma Bravo leads $70 million round into crypto compliance firm TRM Labs

Private equity firm Thoma Bravo has led a $70 million Series B extension into TRM Labs, which provides risk management and compliance services for financial institutions, crypto companies and government agencies. Known for its bets on software, Thoma Bravo previously told The Block about its $100 billion allocated towards digital assets and has made investments in FalconX, Figment and Anchorage.

Along with Thoma Bravo, the equity deal — which closed in October — sees institutional players, such as Goldman Sachs and the venture arms of PayPal, Amex and Citi Group. The company declined to share its new valuation with The Block but said it brought on Thoma Bravo for its track record of taking companies to IPO. TRM’s core product line includes software that allows for the tracing of cryptocurrency transactions, risk assessment of other crypto businesses.https://www.theblock.co/post/184615/thoma-bravo-70-million-trm-labs

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