Mesh Network completes $75 million Series C funding round, led by Dragonfly Capital

BlockBeats News, January 27th, the encrypted payment network Mesh announced the completion of a $75 million Series C financing, with a post-investment valuation of $1 billion. The round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. The company's total financing has exceeded $200 million. This round of funding will be used to accelerate expansion in Latin America, Asia, and Europe, and drive product development.

Mesh is positioned as an asset-agnostic unified payment network, covering over 900 million users. It supports users to make payments with any asset such as Bitcoin, Solana, etc., while merchants settle instantly with stablecoins like USDC, PYUSD, or local fiat currency. Part of this round of financing is also settled in stablecoins.