Mesh Secures $75M Series C, Reaches $1B Valuation

• Crypto payments network Mesh has raised $75 million in a Series C round to reach a $1 billion valuation.
• The round was led by Dragonfly Capital with participation from Paradigm, Coinbase Ventures, and others.
• Mesh aims to solve industry fragmentation by building a “network of networks” that makes traditional card rails obsolete.
• The capital will fuel expansion into Latin America, Asia, and Europe following the company’s recent entry into India.

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Mesh has officially joined the ranks of crypto unicorns. The San Francisco-based payments network announced today that it closed a $75 million Series C funding round. This latest injection brings its total capital raised to over $200 million and values the company at $1 billion.

Dragonfly Capital led the round. They were joined by a heavy-hitting roster of backers, including Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.

The funding signals a broader market shift. Capital is moving away from speculative assets and toward the infrastructure layers required for real-world adoption. Mesh positions itself as the connective tissue for this new economy. It aims to bypass the slow settlements and excessive fees of legacy finance by unifying a fragmented global crypto market.

Solving the “Stablecoin Paradox”

The industry faces a unique problem. While the stablecoin market reached a historic $300 billion market cap in 2025 and processed over $27 trillion in annual volume, this growth has created isolated pockets of liquidity.

Mesh CEO Bam Azizi argues that this fragmentation creates friction for users.

“Crypto is crowded by design, with new tokens and new protocols emerging every day,” Azizi said. “We are focused on building the necessary infrastructure now to connect wallets, chains, and assets, allowing them to function as a unified network.”

Azizi believes the winners of the next decade will not be token issuers. Instead, the winners will be those who build the “network of networks” that renders traditional card rails obsolete.

“Any-to-Any” SmartFunding Technology

Mesh differentiates itself with its proprietary SmartFunding technology. This system enables an asset-agnostic payment flow. Consumers can pay with any asset they hold, from Bitcoin to Solana. Simultaneously, merchants receive instant settlement in their preferred currency, such as USDC, PYUSD, or fiat dollars.

Rob Hadick, General Partner at Dragonfly, views this interoperability as essential for mainstream adoption.

“Payments are entering a new era where value moves as software,” Hadick noted. “Mesh is building the interoperability layer that makes crypto practical at scale.”

Global Expansion and Real-World Use

The new capital will accelerate Mesh’s expansion into key regions like Latin America, Asia, and Europe. The company previously announced its entry into India. It cited the country’s young, tech-savvy population and massive $125 billion+ annual remittance market as key drivers.

In a move to demonstrate the maturity of its own infrastructure, Mesh settled a portion of this $75 million round using stablecoins. The company states this serves as proof that global institutions can now comfortably rely on blockchain-native settlement for high-stakes execution.

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Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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