Total amount raised
$124.5 Millions
Latest funding date
03/01/2025
Location
Mesh has secured $82 million in Series B financing, supported by a diverse group of 43 investors. The company operates a global crypto payments network, facilitating seamless digital asset payments and conversions.
Keep reading to explore the intricacies of Mesh's fundraising journey and the investors backing this innovative platform.
What Is Mesh?
Mesh, founded in May 2020 by Adam Israel and Bam Azizi, is a pioneering company in the cryptocurrency and financial services industry. Headquartered in San Francisco, California, Mesh operates with a team of 11-50 employees.
The company provides a global crypto payments network, connecting exchanges, wallets, and financial services platforms to enable seamless digital asset payments and conversions. Mesh emphasizes security and ease of integration, aiming to streamline crypto transactions while maintaining high compliance standards.
How Much Funding Has Mesh Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation and development of Mesh's crypto payments network.
- Convertible Note
- Amount Raised: $4.5M
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and product development.
- Seed Round
- Amount Raised: $5.5M
- Date: June 2022
- Lead Investors: Streamlined Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market entry.
- Seed Round
- Amount Raised: $4M
- Date: January 2023
- Lead Investors: Rembrandt Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and product offerings.
- Series A
- Amount Raised: $22M
- Date: September 2023
- Lead Investors: Money Forward
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product features.
- Venture Round
- Amount Raised: $6.5M
- Date: January 2024
- Lead Investors: PayPal Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and integrate with more partners.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2024
- Lead Investors: QuantumLight
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and technological advancements.
- Venture Round
- 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 expanding the platform's capabilities and market presence.
- Series B
- Amount Raised: $82M
- Date: March 2025
- Lead Investors: Paradigm
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and enhance Mesh's APIs.
Total Amount Raised: $124.5M
Current Valuation: Not publicly disclosed
Key Investors
- Paradigm
- Details: Paradigm is a venture capital firm focused on investing in disruptive crypto and blockchain projects. They led the Series B funding round for Mesh.
- Investment Focus Areas: Cryptocurrency, blockchain technology, decentralized finance (DeFi).
- Notable Investments: Coinbase, Uniswap, FTX.
- Consensys
- Details: Consensys is a blockchain technology company and the parent company of MetaMask. They participated in the Series B funding round for Mesh.
- Investment Focus Areas: Blockchain infrastructure, decentralized applications (dApps), Ethereum ecosystem.
- Notable Investments: MetaMask, Infura, Truffle.
- QuantumLight Capital
- Details: QuantumLight Capital is a venture capital firm founded by Revolut CEO Nik Storonsky. They participated in the Series B funding round for Mesh.
- Investment Focus Areas: Fintech, crypto, blockchain technology.
- Notable Investments: Revolut, various early-stage fintech startups.
- PayPal Ventures
- Details: PayPal Ventures is the venture capital arm of PayPal, focusing on strategic investments in fintech and commerce. They are a previous investor in Mesh.
- Investment Focus Areas: Fintech, payments, digital wallets.
- Notable Investments: Tink, PPRO, Acorns.
- Money Forward
- Details: Money Forward is a Japanese fintech company providing personal financial management services. They led the Series A funding round for Mesh.
- Investment Focus Areas: Fintech, personal finance, SaaS.
- Notable Investments: Various fintech startups in Japan.
What's Next for Mesh?
Mesh is poised to capitalize on the burgeoning stablecoin market, which has a market capitalization exceeding $200 billion and a transaction volume surpassing $27.6 trillion in 2024. With its technology already reaching over 400 million users in more than 100 countries, the company is well-positioned to expand its global crypto payments network and develop new products and APIs.
Future fundraising opportunities appear promising as Mesh continues to attract interest from venture capital firms and strategic investors. The company's recent $82 million Series B funding round, led by Paradigm, underscores the potential for additional investment rounds to support its growth and technological advancements.
However, Mesh may face challenges such as navigating regulatory environments, ensuring the security and reliability of its payment network, and competing with other fintech and crypto payment solutions providers. Despite these hurdles, the company's strategic partnerships and innovative SmartFunding technology position it for continued success in the evolving payments industry.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Mesh and gather other critical business insights. Sign up for free to start unlocking valuable information that can drive your sales strategy and success.
