Mesh Secures $75M Series C, Reaches $1B Valuation to Build the Universal Crypto Payments Network

We're excited to share a major milestone for one of our portfolio companies, Mesh, the pioneering crypto payments network. Mesh has successfully closed a $75 million Series C funding round led by Dragonfly Capital, bringing the company's post-money valuation to $1 billion and confirming its position as a unicorn in the crypto infrastructure ecosystem. The round included participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures, bringing Mesh's total capital raised to more than $200 million.

Mesh is building the universal crypto payments network, tackling one of the most important challenges in digital finance, enabling seamless, secure, and global payments across wallets, exchanges, blockchains, and assets. As legacy payment rails struggle with speed and cost inefficiencies, Mesh's infrastructure is positioned to unlock mainstream adoption by making digital assets practical for everyday commerce.

This new capital will support continued global expansion across key markets, including Latin America, Asia, and Europe, accelerate product development focused on cross-asset, cross-chain settlement, and deepen strategic partnerships and integrations that drive broader adoption.

The syndicate leadership and enthusiastic participation from both crypto-native and traditional investors underscore the conviction in Mesh's vision and technology. We are proud to support the Mesh team on the next phase of their journey and believe this milestone reflects the strength of the underlying thesis infrastructure that enables real-world, scalable crypto payments to be a defining platform in the evolution of digital finance.

Read more about the announcement here.