TL;DR:
- Mesh achieves unicorn status with a $1 billion valuation.
- The Series C was led by Dragonfly Capital with participation from Coinbase and PayPal.
- Funds will drive infrastructure expansion across Latin America, Asia, and Europe.
Following the successful closure of a Series C funding round, Mesh has established itself as the sector’s latest unicorn. The injected amount reaches $75 million, soaring the firm’s valuation to $1 billion.
The round was spearheaded by Dragonfly Capital, backed by prominent firms such as Paradigm, Coinbase Ventures, and PayPal Ventures. Thanks to this move, the Mesh crypto payments network now boasts total raised capital exceeding $200 million since its founding in 2020.
Currently, Mesh operates as a unified payments layer connecting wallets and blockchains, eliminating existing fragmentation within the digital ecosystem. In fact, its technology already reaches over 900 million users through strategic integrations with major market exchanges.
Global Expansion and the Future of Financial Infrastructure
The official announcement indicates that the new resources will be used to accelerate product development and expand the firm’s presence in key markets. Strategic priorities include regions like Latin America, Asia, and Europe, with a special interest in India due to its high remittance volume.
Furthermore, a portion of the funding was settled directly in stablecoins, demonstrating the viability of blockchain-native settlements at an institutional scale. This process maintained audit and control standards comparable to traditional financial systems, marking a milestone in the industry.
Regarding this, Mesh CEO Bam Azizi highlighted that the market is shifting from token issuance toward building solid infrastructure. In his words, the winners of the next decade will be those who manage to make traditional card networks obsolete.
In summary, this round reaffirms investor confidence in “any-to-any” models, where any digital asset can be spent with ease. With this backing, Mesh is positioned to lead the transition into an era where value moves with the agility of software
