Mesh Ascends to Unicorn Status with $75M Funding to Revolutionize Global Crypto Payments
Mesh, a San Francisco-based cryptocurrency payments infrastructure company, has officially joined the prestigious ranks of crypto "unicorns" after successfully securing $75 million in a Series C funding round. Led by the prominent venture capital firm Dragonfly Capital, the latest investment brings Mesh’s total funding to over $200 million, propelling its valuation to the $1 billion mark. This milestone highlights the surging institutional interest in bridging the gap between traditional finance and the decentralized digital economy.
The funding round saw robust participation from a diverse group of high-profile investors, including Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures, and Liberty City Ventures. In a move that underscores the company’s core mission, Mesh revealed that a portion of the funds raised was settled using stablecoins rather than traditional legacy banking rails, showcasing the practical utility of the very technology they are building.
Founded in 2020, Mesh has positioned itself as the "interoperability layer" for the digital asset world. Its sophisticated network connects various exchanges, digital wallets, and financial services platforms, creating a seamless ecosystem where users can pay with any digital asset of their choice. On the flip side, merchants have the flexibility to receive settlements in their preferred stablecoin or fiat currency. This "under-the-hood" complexity management is what makes Mesh a powerful tool for scaling crypto payments globally. Currently, the company reports reaching more than 900 million users worldwide through its extensive partner integrations.
Mesh plans to utilize this fresh capital to aggressively expand its global footprint, with a particular focus on high-growth regions such as Latin America, Asia, and Europe. The company recently established a presence in India, identifying the nation’s tech-savvy population and its staggering $125 billion annual remittance market as a prime opportunity for disruption.
Rob Hadick, general partner at Dragonfly, emphasized that payments are entering a new era where value moves with the agility of software. Mesh is at the forefront of this transition, making crypto practical at a massive scale. This investment comes amid a broader wave of funding for stablecoin infrastructure following legislative developments like the GENIUS Act in the United States, which has provided much-needed clarity for the industry. As the stablecoin market cap continues to grow—jumping over 50% in the last year—companies like Mesh are essential in transforming digital tokens from speculative assets into functional global payment tools.
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