Mesh Secures $75M Series C Funding, Valuation Reaches $1B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6h ago
0mins
Source: seekingalpha
- Funding Achievement: Mesh has successfully closed a $75 million Series C funding round, elevating its valuation to $1 billion, which reflects strong investor confidence in its growth potential.
- Investor Lineup: The funding round was led by Dragonfly Capital, with participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures, indicating robust market recognition and support for Mesh.
- Global Expansion Plans: The company intends to use the proceeds to expand into Latin America, Asia, and Europe, fueling product development and strengthening its network that already reaches over 900 million users, aiming to enhance global payment efficiency.
- Infrastructure Development: Mesh is focused on addressing fragmentation in crypto payments by building a unified network that connects wallets, chains, and assets to improve user experience, while a portion of the funding was settled using stablecoins to demonstrate the practical application of its infrastructure.
Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COIN is 361.63 USD with a low forecast of 230.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 213.480
Low
230.00
Averages
361.63
High
440.00
Current: 213.480
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
