Crypto payments network Mesh has reached unicorn status after raising $75 million in a Series C funding round, underscoring growing investor confidence in infrastructure designed to bring digital assets into everyday payments.
The round, led by Dragonfly Capital, included participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. With this latest raise, Mesh has now secured more than $200 million in total funding since its launch, building on earlier backing from firms such as Paradigm and PayPal Ventures.
Mesh
Building a Unified Crypto Payments Layer
Founded in 2020, Mesh aims to simplify crypto payments by acting as a connective layer across wallets, blockchains, and digital assets that often operate in isolation. Rather than focusing on issuing tokens, the company positions itself as infrastructure, helping users and businesses move value across different crypto ecosystems more seamlessly.
Mesh says its network already reaches over 900 million users globally through integrations with exchanges, wallets, and financial services platforms. That scale has helped attract continued investor interest as crypto payments shift from experimentation toward practical, real-world use.
Global Expansion and Product Growth
According to the company, the new capital will support expansion across Latin America, Asia, and Europe, alongside faster product development. Mesh has previously pointed to India as a priority market, citing strong remittance activity and a large, digitally savvy population.
The company has also expanded its ecosystem through support for Ripple’s U.S. dollar stablecoin and partnerships with firms including Paxos and Rain. In a notable move, part of the Series C round itself was settled in stablecoins, which Mesh described as a real-world example of blockchain-based settlement at institutional scale, offering transparency and controls comparable to traditional financial systems.
A Shift Toward Infrastructure
Mesh CEO Bam Azizi said the funding reflects a broader change in how investors view the crypto sector. As the industry matures, attention is shifting away from token issuance and toward the underlying networks that can reduce settlement times and lower costs compared with traditional payment rails.
He added that long-term winners are likely to be companies building interoperable systems that make it easier for consumers and businesses to spend digital assets without friction.
Dragonfly general partner Rob Hadick echoed that view, highlighting Mesh’s focus on “any-to-any” interoperability. By allowing users to pay with one crypto asset while merchants receive another, Mesh addresses a key barrier to mainstream crypto payments, he said.
Building on Recent Momentum
The Series C follows Mesh’s $82 million Series B in 2024, led by Paradigm, and a subsequent extension that brought in additional strategic investors. At the time, those rounds pushed the company’s total funding beyond $130 million, setting the stage for its latest valuation milestone.
