Tag: Firm

Thoma Bravo Contributes $70m for Blockchain Intelligence Firm TRM Labs

Thoma Bravo, one of the largest private equity firms that manage more than $122 billion in assets, has contributed $70 million in funding to Blockchain-based intelligence company TRM Labs’s series B funding round, totalling the amount raised to $130 million. Other participants in this round of fundraising included Goldman Sachs, Paypal Ventures, Amex Ventures, and Citi Ventures. The round follows TRM’s $60 Million Series B raise in December 2021 led by Tiger Global.  TRM Labs products focus mainly on allowing the trace of cryptocurrency transactions, risk assessment of other crypto…

Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round

Blockchain-based intelligence company TRM Labs has announced a $70 million expansion to its Series B funding round, bringing the total raised to $130 million, announced the company on Nov. 9. Among the world’s largest private equity firms, Series B investor Thoma Bravo manages more than $122 billion in assets. The round was led by Thoma Bravo, with Goldman Sachs and previous TRM investors PayPal Ventures, Amex Ventures and Citi Ventures participating. The expansion follows TRM’s $60 Million Series B raise in December 2021 led by Tiger Global. Funds will support…

Thoma Bravo Leads $70M Fundraise for Blockchain Intelligence Firm TRM Labs

“TRM has differentiated itself as the premier blockchain intelligence solution to the public and private sector, with a unique breadth of asset coverage, cross-chain analytics and level of product innovation,” said Thoma Bravo Principal Christine Kang in the press release. “In the rapidly evolving regulatory landscape, TRM’s capabilities are ever more critical to helping organizations scale and adapt risk management needs.” Source 70MBlockchainBravoFirmFundraiseintelligenceLabsLeadsThomaTRM CryptoX Portal

Crypto Finance Firm Galaxy Digital Reveals $76.8M Exposure Linked to FTX

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Crypto Custody Firm Copper Inks $500M Insurance Deal With UK Giant Aon

The growth in the value of digital assets in recent years has led to increased demand for cold storage, and generated the means to protect crypto assets offline, particularly as institutional adoption of the new asset class has expanded, Copper said. The insurance will provide cover against employee collusion, third-party theft and physical loss of or damage to digital assets looked after by the company. Source

Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year – Bitcoin News

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According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock In mid-April 2022, Circle detailed that the company entered an investment agreement with Blackrock Inc., Fin Capital, Fidelity Management and Research, and Marshall Wace LLP. The investment was a $400 million funding round and during…

Polygon Witnesses Sharp Drop in Supply As MATIC Disappears From Exchanges: Crypto Insights Firm Santiment

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A leading analytics firm is revealing that blockchain scaling solution Polygon is witnessing a dramatic drop in the supply of MATIC on crypto exchanges even after the token’s explosive rally in the last few days. In a new report, Santiment says the “crowd is piling in” on Polygon as supply on crypto exchanges plummets from over one billion MATIC tokens in mid-October to 833.03 million coins on November 4th. “MATIC’s supply on exchanges continue to fall even as prices skyrocket, indicating that folks are pretty confident about further price rise.” …

Blockchain Video Game Firm Mythical Games Lays Off 10% Of Workforce

Web3 game developer Mythical Games, which recently raised more than $270 million in venture capital has laid off its headcount by 10% as startups attempt to navigate a tough business environment and rush to rein in costs. Nate Nesbitt, a spokesperson for Mythical Games, talked about the development on Friday and said just like all firms, Mythical has been affected by the economic downturn and has had to reassess and restructure some areas of its business accordingly. The executive then said: “Unfortunately, as a result, we had to make the…

Crypto Firm Arca Closed Its Terra-Exposed Digital Yield Fund

Crypto hedge fund Arca shuttered its Digital Yield Fund less than a year after its launch due to the broader market downturn, a person close to the firm told CoinDesk. The fund had slightly over $20 million in assets under management at the time of its closure, and the capital was returned to investors, according to the person. Source