TLDR:
- Mesh receives investment from QuantumLight and Nik Storonsky’s VC firm.
- This investment triples Mesh’s Series A valuation as they emerge as a top crypto infrastructure provider.
Mesh, a connectivity layer for crypto, has received a strategic investment from QuantumLight, a VC firm founded by Nik Storonsky, the CEO of Revolut. This investment has tripled Mesh’s Series A valuation, reflecting the company’s growth in 2024. Mesh, founded in 2020 by a team of cyber security and crypto experts, aims to solve the fragmentation issue in the crypto industry by connecting exchanges, wallets, and payment providers. With recent integrations with platforms like MetaMask, MoonPay, and Fireblocks, Mesh now offers users a seamless experience to connect, deposit, and pay with their crypto accounts on hundreds of other platforms. This has enabled Mesh to reach millions of users globally, with connections to over 300 platforms and support for more than 40 tokens across multiple networks.
QuantumLight, known for using AI to make precise investment decisions, sees Mesh’s solution as crucial in addressing fragmentation in the crypto industry. Nik Storonsky, the founder of QuantumLight and Revolut, believes that Mesh’s security-first approach and strategic vision position them for success. The investment from QuantumLight is a recognition of Mesh’s efforts in redefining the user experience of crypto. With previous investments from top-tier VCs and angel investors, including PayPal Ventures and Galaxy, this latest funding round further solidifies confidence in Mesh’s growth and potential in the market.
Overall, Mesh’s strategic investment from QuantumLight and Nik Storonsky’s VC firm, along with their tripled Series A valuation, showcases the company’s commitment to bridging the gap in crypto connectivity and advancing towards mainstream adoption in the industry.
