Mesh Raises $75 Million in Series C Funding, Hits $1 Billion Valuation
Mesh Connect’s rapid rise to a $1 billion valuation in five years highlights strong investor confidence in scalable crypto payment infrastructure, with Dragonfly Capital leading the latest $75 million raise.
Mesh Connect announced it has reached a $1 billion valuation just five years after its founding, following a $75 million Series C funding round led by Dragonfly Capital. According to the company’s official statement, other participants included Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. The funding, part of which was settled in stablecoins, brings Mesh’s total raised capital to over $200 million. Mesh aims to bridge fragmented cryptocurrency payment systems, enabling asset-agnostic transactions and instant stablecoin settlements for merchants.
- Series C Funding: A late-stage investment round used to scale operations, expand markets, and accelerate growth ahead of potential exit events.
- Valuation: The company’s implied worth based on the price paid by investors in a funding round.
- Stablecoins: Cryptocurrencies pegged to stable assets (such as the U.S. dollar) used for payments and settlement.