Crypto payments network Mesh reaches unicorn status after $75 million Series C led by Dragonfly

SAN FRANCISCO – Mesh, the decentralized financial infrastructure provider specializing in crypto transfers and payments, announced today that it has successfully closed a $75 million Series C funding round, pushing the company’s valuation past the $1 billion mark and officially cementing its status as a unicorn.

The investment was led by Dragonfly, a leading venture capital firm focused on decentralized technology. The funding round also saw significant participation from existing investors, including XYZ Capital and others who recognize Mesh’s integral role in providing secure and compliant digital asset transfer capabilities across the Web3 ecosystem.

Mesh’s platform facilitates seamless, permissioned transfers of digital assets between wallets, exchanges, and financial institutions globally. The company’s recent explosive growth has been attributed to the rising demand for sophisticated ‘on-ramp’ and ‘off-ramp’ solutions required by institutional clients navigating complex regulatory environments.

[Fictional CEO Name], CEO of Mesh, stated, “Achieving unicorn status is a testament to the dedication of our team and the critical nature of the infrastructure we are building. The $75 million injection will be instrumental in accelerating our global market penetration, enhancing our regulatory compliance framework, and making strategic hires in core engineering and security teams. We are building the foundational infrastructure necessary for the next billion users to safely interact with decentralized finance.”

[Fictional Partner Name], General Partner at Dragonfly, commented on the decision to lead the round: “We view Mesh as indispensable financial plumbing for the modern digital economy. Their focus on institutional-grade security and cross-chain interoperability solves one of the most persistent hurdles in crypto adoption. We believe Mesh is perfectly positioned to become the dominant player in the crypto movement and settlement space.”

The new capital will be deployed primarily to expand Mesh’s API suite for enterprise customers and further develop its suite of licensed payment and transfer solutions in key international markets.

Source: Crypto payments network Mesh reaches unicorn status after $75 million Series C led by Dragonfly