Crypto payments network Mesh reaches unicorn status after $75 million Series C led by Dragonfly

Crypto payments network Mesh has secured $75 million in a Series C funding round, achieving a $1 billion valuation. The round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. Founded in 2020, Mesh acts as a unified payments layer for crypto, connecting fragmented wallets, blockchains, and assets, reaching over 900 million users globally through existing integrations. The new capital will fund expansion across Latin America, Asia, and Europe, and accelerate product development, with a focus on markets like India. Notably, a portion of the Series C was settled directly in stablecoins, demonstrating blockchain-native settlement capabilities. CEO Bam Azizi stated the funding validates the focus on building core infrastructure networks to replace traditional payment rails, rather than token issuance.

(Source：The Block)