Crypto payments startup Mesh Connect has raised $75 million in a Series C round, pushing its valuation to $1 billion and officially landing it in unicorn territory. The round closed January 27, 2026, and brings total funding raised by the company to more than $200 million since its founding in 2020.
The round was led by Dragonfly Capital, with participation from Paradigm, Coinbase Ventures, Moderne Ventures, SBI Investment, and Liberty City Ventures.
What Mesh actually does
Mesh builds infrastructure that connects payments across wallets, exchanges, and chains without users or merchants needing to care about which specific token or network sits underneath. The company does not operate its own token.
One concrete example of Mesh in action is PayPal’s “Pay with Crypto” feature. Mesh’s infrastructure underpins those transactions, connecting PayPal’s user base to the broader crypto settlement layer.
