Mesh Connect Valuation Hits $1B After $75M Series C Raise

Crypto payments startup Mesh Connect has secured $75 million in its Series C funding round, boosting its valuation to $1 billion and solidifying its position as a unicorn.

The round was led by Dragonfly Capital, with participation from Paradigm, Coinbase Ventures, Moderne Ventures, SBI Investment, and Liberty City Ventures.

Mesh Connect's infrastructure enables seamless payments across various wallets, exchanges, and chains without users or merchants needing to worry about specific tokens or networks.

The company's technology underpins PayPal's 'Pay with Crypto' feature, connecting its massive user base to the broader crypto settlement layer.