Mesh, the innovative crypto infrastructure provider known for seamless payments and deposits, today announced a significant new investment by QuantumLight.
QuantumLight, a pioneering venture capital firm founded by Nik Storonsky, the visionary behind the global financial superapp Revolut, has chosen to invest in Mesh, valuing the company at three times its Series A pre-money valuation.
The investment by QuantumLight follows a period of explosive growth for Mesh since the beginning of 2024. The company, founded in 2020 by a team of cybersecurity and crypto experts, addresses the crypto industry’s fragmentation issue by offering a connected and embedded experience for exchanges, wallets, and payment providers. Mesh’s robust platform has been adopted by major players like MetaMask, MoonPay, and Fireblocks, enabling users to effortlessly connect, deposit, and pay with their crypto accounts across hundreds of platforms.
Bam Azizi, CEO and Co-Founder of Mesh, said, “QuantumLight’s founding team has over a decade of entrepreneurial experience in fintech and payments, and we are incredibly proud that they believe in our vision for a more interconnected financial world.
“Nik’s experience in building Revolut into a global financial powerhouse brings invaluable insights and this investment by QuantumLight is a testament to what we are building at Mesh. We are thrilled to have QuantumLight on our cap table.”
QuantumLight distinguishes itself by using a proprietary AI model, Aleph, to analyze billions of data points for making precise investment decisions, a method that stands out from traditional qualitative approaches used by other venture capital firms.
Nik Storonsky, Founder of QuantumLight and Revolut, said, “Mesh has clearly identified a critical pain point in the crypto industry, which is fragmentation and a lack of connectivity. Solving these problems is a prerequisite to mainstream adoption. Their security-first approach, technology, and Bam’s strategic vision position them perfectly to continue succeeding in this space.”
To date, Mesh has raised over $45m from esteemed investors such as PayPal Ventures, Money Forward, Galaxy, Samsung Next, and notable VCs and angel investors like Gokul Rajaram, underscoring the strong confidence in its vision and technology.
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