Mesh joins crypto unicorn ranks with $75M Dragonfly-led Series C

SAN FRANCISCO, CA – Mesh, the leading digital asset aggregation and transfer platform, announced today that it has successfully closed a $75 million Series C funding round. The funding catapults the company into the exclusive crypto unicorn club, valuing the firm at over $1 billion. The round was spearheaded by prominent Web3 venture capital firm Dragonfly, with strong participation from existing investors, including XYZ Capital and Foundation Partners.

Mesh specializes in building critical infrastructure that allows users and institutions to connect, track, and transfer digital assets seamlessly across multiple exchanges, wallets, and decentralized finance (DeFi) protocols through a single, unified interface. This infrastructure has become essential as the crypto ecosystem grows increasingly fragmented.

Bipin Singh, CEO and co-founder of Mesh, stated that the substantial capital infusion would be primarily dedicated to accelerating global market expansion, doubling the size of its core engineering and security teams, and integrating support for dozens of new Layer-1 and Layer-2 blockchain ecosystems.

“We are building the essential backbone for a truly interconnected Web3 future,” Singh commented in a press release. “This funding not only validates the critical need for unified asset management but also empowers us to scale our platform rapidly to meet the soaring institutional demand for secure, aggregated digital asset access.”

Tom Schmidt, Partner at Dragonfly, lauded Mesh’s technological prowess and market timing. “The inability to view and move assets easily across disparate platforms is the biggest friction point in crypto adoption today. Mesh has developed the most robust and user-friendly API solution to solve this fragmentation problem. Their infrastructure is foundational, and we believe they are perfectly positioned to become the market standard for asset visibility and transferability globally.”

The Series C closure comes on the heels of a period of exponential growth for Mesh, which reported a fourfold increase in transaction volume processed over the last 18 months, solidifying its position as a key infrastructure provider in the rapidly evolving digital asset landscape.

Source: Mesh joins crypto unicorn ranks with $75M Dragonfly-led Series C