Mesh announced the closing of a Series C funding round, raising a total of $75 million and led by Dragonfly Capital. The funding valued the company at $1 billion, giving it unicorn status.
The $75 million Series C funding round was led by Dragonfly Capital and attracted several firms that demonstrated their support for Mesh’s structure. The company’s statement framed the funding as a validation of its stated goals and the quality of its products. Now that the company has surpassed the $1 billion valuation threshold, it will allocate the proceeds to expand its engineering and compliance teams.
This investor mix indicates interest from both venture capital and industry, which could drive more and better partnership opportunities for integrating payments, but also raises the execution expectations that Mesh must meet in new markets.
Other firms participating in the round included Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. This brings Mesh’s total funding to over $200 million, following an $82 million Series B funding round in March 2025.
The company said it will use the capital raised in that round to accelerate product development and international expansion.
Mesh product, technology and market positioning
One of Mesh’s key features is its positioning as a comprehensive payment solution, connecting wallets, blockchains, and exchanges to enable “anyone-to-anyone” transactions.
Its proprietary SmartFunding technology is presented as the mechanism that allows consumers to pay with a wide range of assets while enabling merchants to receive instant settlement in stablecoins like USDC or PYUSD.
By abstracting asset management for merchants and offering account aggregation, Mesh aims to simplify integration for fintechs and developers. This promise facilitates adoption, but the downside is that it concentrates risk and compliance on large clients.
Mesh’s new funding and investor list reinforce a broader trend toward investments in infrastructure that connects on-chain assets and off-chain payments. If Mesh delivers on instant settlement in stablecoins and broad asset compatibility, merchants could see less friction and faster settlement times compared to some traditional alternatives.
