Total amount raised
$124.5 Million
Latest funding date
03/01/2025
Location
Mesh has successfully raised funding through 11 rounds, backed by 51 investors, including notable names like SBI Investment and Kingsway Capital. The platform is a pioneering global crypto payment network, facilitating seamless digital asset transactions across multiple exchanges, wallets, and providers.
Keep reading to explore the intricacies of Mesh's fundraising journey and the investors backing this innovative platform.
What Is Mesh?
Mesh is a pioneering company in the cryptocurrency, financial services, fintech, and payments industries. Based in San Francisco, California, Mesh has an employee count ranging from 51 to 100. The company is known for its global crypto payment network, which connects multiple exchanges, wallets, and providers to facilitate seamless digital asset transactions.
Founded with the vision of simplifying crypto payments, Mesh is trusted by over 100 leading companies and supports more than 300 platforms and 100 tokens. The platform emphasizes simplicity, speed, stability, and security in its payment solutions, catering to various industries such as payment service providers, gaming, Web3, luxury, and travel.
How Much Funding Has Mesh Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: January 2023
- Lead Investors: Rembrandt Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and scaling efforts.
- Seed Round
- Amount Raised: USD 5,500,000
- Date: June 2022
- Lead Investors: Streamlined
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further product development and market entry.
- Convertible Note
- Amount Raised: USD 4,500,000
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital for operations.
- Series A
- Amount Raised: USD 22,000,000
- Date: September 2023
- Lead Investors: Money Forward
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series Unknown
- Amount Raised: USD 6,500,000
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and technology.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: August 2024
- Lead Investors: QuantumLight
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic partnerships and integrations.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and market expansion.
- Series B
- Amount Raised: USD 82,000,000
- Date: March 2025
- Lead Investors: Paradigm
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expedite product development and enhance APIs.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: April 2025
- Lead Investors: Moderne Passport
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: August 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and market penetration.
Total Amount Raised: USD 124,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Paradigm
- Details: Paradigm is a leading investment firm focused on supporting innovative companies in the crypto and blockchain space. They led the Series B funding round for Mesh.
- Investment Focus Areas: Crypto, blockchain technology.
- Notable Investments: Various high-profile crypto projects and companies.
- Consensys
- Details: Consensys is a blockchain technology company that focuses on building decentralized applications and infrastructure on the Ethereum blockchain. They participated in the Series B funding round for Mesh.
- Investment Focus Areas: Blockchain technology, decentralized applications.
- Notable Investments: MetaMask, various Ethereum-based projects.
- QuantumLight
- Details: QuantumLight is a capital firm started by Revolut Founder & CEO Nik Storonsky. They participated in the Series B funding round for Mesh.
- Investment Focus Areas: Fintech, innovative financial solutions.
- Notable Investments: Various tech and blockchain startups.
- Yolo Investments
- Details: Yolo Investments focuses on high-growth sectors including fintech, gaming, and blockchain. They participated in the Series B funding round for Mesh.
- Investment Focus Areas: Fintech, crypto, high-growth sectors.
- Notable Investments: Various fintech and blockchain companies.
- PayPal Ventures
- Details: PayPal Ventures is the venture capital arm of PayPal, focusing on innovative financial technology companies. They previously invested in Mesh in 2024.
- Investment Focus Areas: Fintech, digital payments.
- Notable Investments: Various fintech companies.
What's Next for Mesh?
Mesh stands at the cusp of significant growth, driven by the expansion of its global crypto payments network. With partnerships extending its technology to over 400 million users in more than 100 countries, the company is poised to capitalize on the burgeoning stablecoin market, which boasts a capitalization exceeding $200 billion. This vast opportunity positions Mesh to further enhance its product offerings and API capabilities, ensuring seamless and secure digital asset transactions.
Future fundraising opportunities appear promising, with continued interest from major investors like Paradigm, Consensys, and PayPal Ventures. These investments will likely support Mesh's ambitious plans to scale operations and expand its technological reach. However, the company must navigate regulatory challenges and intense competition from other crypto payment networks and traditional financial systems. Ensuring security and compliance will be crucial as Mesh continues to innovate and grow in the rapidly evolving financial landscape.
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