On December 7, 2021, TRM Labs Inc. closed the transaction. The company received $60,000,000 in a round of funding led by Tiger Global Management, LLC. The transaction included participation from American Express Ventures, Visa Inc., Citi Ventures, Inc., DRW Venture Capital, Marshall Wace LLP, returning investors, Jump Capital, LLC, PayPal Ventures, Inc., Square, Inc., Initialized Capital Management, LLC, Operator Partners LLC, Blockchain Capital, LLC, new and existing venture firms including, B Capital Group Management, L.P., Cap Table Coalition, Castle Island Ventures, Bessemer Venture Investors II L.P. and included investments from 50 of the world's leading operators including Emilie Choi, Frank Slootman, and Michael Scarpelli.