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Total amount raised
$200 Million
Latest funding date
2026-01-27
Location
Mesh has raised funding through 12 rounds, backed by 51 investors, including notable names like SBI Investment and Kingsway Capital. Its most recent round is a $75 million Series C announced on January 27, 2026, led by Dragonfly Capital at a $1 billion post-money valuation. The platform is a global crypto payment network, connecting 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 company in the cryptocurrency, financial services, fintech, and payments industries. Based in San Francisco, California, Mesh operates a global crypto payment network, which connects multiple exchanges, wallets, and providers to facilitate 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, bringing total funding to over USD 130,000,000 at the time
- Date: August 2025
- Lead Investors: Not publicly disclosed. Participants included PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures, SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further power crypto payments.
- Series C
- Amount Raised: USD 75,000,000
- Date: January 27, 2026
- Lead Investors: Dragonfly Capital, with participation from Coinbase Ventures, SBI Investment, Paradigm, Moderne Ventures, and Liberty City Ventures
- Valuation at Round: USD 1 billion post-money
- Motivation Behind the Round: To expand the global crypto payments network.
Total Amount Raised: at least USD 199,500,000 based on disclosed funding, with total funding surpassing USD 200,000,000 as of January 2026. As of September 2026, the company's latest disclosed round is its January 2026 Series C. Current Valuation: USD 1 billion.
Key Investors
- Dragonfly Capital
- Details: Dragonfly Capital is an investment firm focused on crypto and blockchain companies. It led the USD 75 million Series C round for Mesh in January 2026.
- Investment Focus Areas: Crypto, blockchain technology.
- Notable Investments: Not publicly disclosed.
- 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 and participated in the Series C round.
- Investment Focus Areas: Crypto, blockchain technology.
- Notable Investments: Various high-profile crypto projects and companies.
- Consensys
- Details: Consensys is a blockchain technology company focusing 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 and joined the August 2025 round.
- Investment Focus Areas: Fintech, digital payments.
- Notable Investments: Various fintech companies.
What's Next for Mesh?
Mesh closed a USD 75 million Series C on January 27, 2026, led by Dragonfly Capital at a USD 1 billion post-money valuation, with Coinbase Ventures, SBI Investment, Paradigm, Moderne Ventures, and Liberty City Ventures joining. The round takes total funding past USD 200 million and funds the expansion of the company's global crypto payments network, which connects more than 300 platforms and supports over 100 tokens for more than 100 companies.
The August 2025 round, which brought total funding above USD 130 million, added PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures, SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures as backers to further power crypto payments. Mesh continues to build out its APIs for payment service providers, gaming, Web3, luxury, and travel merchants, while regulatory requirements and competition from other crypto payment networks and traditional financial systems remain factors in the market it serves.
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