Crypto payments infrastructure firm Mesh has secured $75 million in Series C funding at a $1 billion valuation, according to a company announcement distributed via PR Newswire.
The financing round positions Mesh among a growing group of payments-focused digital asset infrastructure firms attracting large-scale venture backing as stablecoin and crypto settlement use cases expand.
Series C round led by Dragonfly Capital
Mesh said the Series C round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures.
The company added that the latest raise brings its total funding to more than $200 million.
Building a universal crypto payments network
Mesh is developing a payments network designed to connect wallets, exchanges, and financial platforms through an encrypted, asset-agnostic infrastructure layer.
The company said it plans to use the new capital to accelerate product development and expand its global footprint as it builds what it describes as a universal crypto payments network.
Stablecoin settlement highlighted in funding process
Mesh noted that part of the Series C financing was settled using stablecoins, which the company said reflects the operational maturity of digital asset payment rails in institutional funding activity.
Infrastructure investment remains active in payments sector
The $1 billion valuation milestone underscores continued investor interest in payments and settlement infrastructure across the digital asset ecosystem, particularly as stablecoin usage grows in cross-border and on-chain commerce applications.
