QuantumLight Invests in Mesh, Tripling Its Valuation Amid Rapid Growth
Slice of Finance Team
08/20/2024
Key Highlights:
- QuantumLight invests in Mesh, tripling its pre-money valuation.
- Mesh's solution addresses crypto's fragmentation with seamless connectivity.
- Mesh now supports 300+ platforms and 40+ tokens, driving widespread adoption.
- Notable investors: PayPal Ventures, Money Forward, Galaxy, Samsung Next.
Source (PR Newswire)
Quotes
“ "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." ”
Bam Azizi, CEO and Co-Founder at Mesh
Our Take:
QuantumLight's investment in Mesh marks a pivotal moment in the evolution of crypto infrastructure. Mesh's rapid growth and the strategic backing of QuantumLight highlight the industry's move towards greater integration and mainstream adoption. By addressing the fragmentation issue, Mesh is not just building APIs but fundamentally reshaping the user experience in crypto, positioning itself as a critical player in the digital finance landscape. The involvement of seasoned investors like Nik Storonsky underscores the potential of Mesh to influence the future of crypto connectivity on a global scale.
