TRM Labs

Other Financial Services · San Francisco, CA · Founded 2018 · Privately Held (backing)

Developer of a regulatory technology platform designed to address compliance in the cryptocurrency industry. TRM Labs is based in San Francisco, CA and was founded in 2018. It was valued at $1 billion at its later-stage round in Feb 2026, the last priced event on record. It has raised $220 million across 2 recorded rounds; the latest was a $70 million Series C in Feb 2026.

PMV mark · valuation
$1.0B
Oct 2026
Priced at
its later-stage round
Feb 2026
Total raised
$220.1M
Last round
Later Stage VC (Series C)
Feb 2026
What is TRM Labs worth?
$1.0BPrivateMarketView mark · Oct 2026

Valued at $1.0B at its later-stage round, Feb 2026. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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TRM Labs funding history

2 rounds
DateRoundRaisedPost-money
Feb 2026Later Stage VC (Series C)$70.0M▮
Nov 2022Early Stage VC (Series B2)$130.0M▮
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TRM Labs valuation

TRM Labs was valued at $1 billion at its later-stage round in Feb 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has TRM Labs raised?

TRM Labs has raised $220 million across 2 recorded rounds since 2022. The largest was a $70 million Series C in Feb 2026.

Comparable companies

Comparable other financial services names by valuation on PrivateMarketView: Pipe ($2 billion), Taptap Send ($1.2 billion) and Atlas Card ($423 million).

How TRM Labs's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For TRM Labs, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about TRM Labs

What is TRM Labs worth?
TRM Labs is valued at $1.0B as of Oct 2026. Valued at $1.0B at its later-stage round, Feb 2026. Nothing has traded since.
How much has TRM Labs raised?
TRM Labs has raised $220.1M in total funding across 2 recorded rounds.
When did TRM Labs last raise?
TRM Labs last raised in Feb 2026 (Later Stage VC (Series C)), raising $70.0M.