# Spring Labs is building out a blockchain-based data-sharing platform.

*web3 · news · 2021-05-11 · TechCrunch*

## Key points

- TransUnion is leading Spring Labs' $30 million Series B funding round, previously undisclosed.
- Spring Labs will access TransUnion's 10,000 financial institution customers and sales force for scaling.
- Steve Chaouki, TransUnion's U.S. Markets president, will join Spring Labs' board as part of the deal.
- Spring Labs' blockchain platform aims to let companies share information anonymously and protect consumer privacy.
- TransUnion is partnering with Spring Labs to accelerate into new markets beyond traditional credit reporting.

**Companies:** TransUnion, Spring Labs

[Read the full story on TechCrunch](https://techcrunch.com/2021/05/11/why-transunion-led-blockchain-fintech-spring-labs-30m-series-b/)

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