# Mesh funding: rounds and investors

> Mesh has raised $81M across 5 rounds since 2022. Investors include Y Combinator, Dragonfly Capital Partners and National Science Foundation.

Source: https://millionrounds.com/company/mesh (Millionrounds; every figure on the page links to its filing or article)

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Mesh*

5 rounds we have observed, with the 24 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Construction Fintech Web3 & Crypto

Raised 9 months ago Y Combinator: S20

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Funding summary Updated 5 Nov 2026

**$81M** raised across 5 rounds since 2022, from 5 sources

**$1.7M** Seed **$3.8M** Seed **$75M** Series C

- **Latest round:** Series C, $75M Jan 2026
- **Led by:** Dragonfly Capital Partners
- **Step-up i:** 19.7×
- **Investors:** 24 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2022 2023 2024 2025 2026

**?** Venture

**$1.7M** Seed

**?** Venture

**$3.8M** Seed

**$75M** Series C

- **First round:** Venture
- **Biggest round:** $75M
- **Usual gap between rounds:** 14 months

## The rounds

- **Jan 2026** Series C **$75M** *10 new* [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) Lead [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Gaingels](https://millionrounds.com/fund/gaingels) [B Capital](https://millionrounds.com/fund/b-capital) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [SBI Investment](https://millionrounds.com/fund/sbi-investment) [Paradigm](https://millionrounds.com/fund/paradigm) [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) [Liberty City Ventures](https://millionrounds.com/fund/liberty-city-ventures) Reported by Ventureburn
- **Oct 2025** Seed **$3.8M** *4 new* *1 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Greycroft](https://millionrounds.com/fund/greycroft) [Village Global](https://millionrounds.com/fund/village-global-2) [Ascend](https://millionrounds.com/fund/ascend) [Afore Capital](https://millionrounds.com/fund/afore-capital) Source recorded
- **Jul 2024** Venture **Amount undisclosed** *4 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [SOSV](https://millionrounds.com/fund/sosv) [Bossa Invest](https://millionrounds.com/fund/bossa-invest) [Anorak Ventures](https://millionrounds.com/fund/anorak-ventures) Source recorded
- **Jun 2023** Seed **$1.7M** *2 new* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) [Elkstone Capital Partners](https://millionrounds.com/fund/elkstone-capital-partners) Source recorded
- **Apr 2022** Venture **Amount undisclosed** *4 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [RTP Global](https://millionrounds.com/fund/rtp-global) [Surge](https://millionrounds.com/fund/peak-xv-partners) Source recorded

## Founders and team

From Mesh's own website: 8 on the team.

- **Lia Wang** Chief Operating Officer
- **Bryn Pilney** Head of Research
- **Amy Shen** Relationship Manager
- **Bob Cheng** Partner
- **Brina Chen** Director of Finance
- **Melody Lu** Financial Analyst
- **Tony Fai** Partner
- **Tony Yu** Partner

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2022 **Seed** 2023 **Venture** 2024 **Seed** 2025 **Series C** 2026 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) L [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Gaingels](https://millionrounds.com/fund/gaingels) [SOSV](https://millionrounds.com/fund/sosv) [Bossa Invest](https://millionrounds.com/fund/bossa-invest) [Greycroft](https://millionrounds.com/fund/greycroft) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures)

## Everyone who backed them

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) VC firm **1** round, led 1

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[SOSV](https://millionrounds.com/fund/sosv) VC firm **1** round

[Bossa Invest](https://millionrounds.com/fund/bossa-invest) VC firm **1** round

[Greycroft](https://millionrounds.com/fund/greycroft) VC firm **1** round

[Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm **1** round

[B Capital](https://millionrounds.com/fund/b-capital) VC firm **1** round

[Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **1** round

[Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) Government **1** round

[SBI Investment](https://millionrounds.com/fund/sbi-investment) VC firm **1** round

[Village Global](https://millionrounds.com/fund/village-global-2) VC firm **1** round

[RTP Global](https://millionrounds.com/fund/rtp-global) VC firm **1** round

[Paradigm](https://millionrounds.com/fund/paradigm) VC firm **1** round

[Ascend](https://millionrounds.com/fund/ascend) VC firm **1** round

[Afore Capital](https://millionrounds.com/fund/afore-capital) VC firm **1** round

[Surge](https://millionrounds.com/fund/peak-xv-partners) Accelerator **1** round

[Anorak Ventures](https://millionrounds.com/fund/anorak-ventures) VC firm **1** round

[Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) VC firm **1** round

[Liberty City Ventures](https://millionrounds.com/fund/liberty-city-ventures) VC firm **1** round

[Elkstone Capital Partners](https://millionrounds.com/fund/elkstone-capital-partners) Family office **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mesh).

## Also claim to have backed them

These 2 firms list Mesh as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Apprecia Capital](https://millionrounds.com/fund/apprecia-capital-2) VC firm Per its own site

[buildify.earth](https://millionrounds.com/fund/buildify-earth) VC firm Per its own site

## Quick answers about Mesh

### Who invested in Mesh?

Mesh's investors include Y Combinator, Dragonfly Capital Partners, National Science Foundation, Alumni Ventures and Plug and Play, and 19 more on record. Dragonfly Capital Partners led its latest round.

### How much has Mesh raised?

Mesh has raised $81M across 5 rounds since 2022. 2 rounds did not disclose an amount, so the total is a floor.

### When did Mesh last raise?

Mesh's most recent round was a Series C of $75M in Jan 2026, led by Dragonfly Capital Partners.

### What was Mesh's biggest round?

Its most recent round, $75M in Jan 2026, is also its largest on record.

### Who backed Mesh first?

Mesh's first round on record, in Apr 2022, was backed by Y Combinator, Liquid 2 Ventures and RTP Global and 1 others.

### What stage is Mesh at?

Mesh's latest named round is a Series C, in Jan 2026.

### Where is Mesh based?

Mesh is based in the United States.

### Who led Mesh's rounds?

Dragonfly Capital Partners led the Series C in 2026.

## Companies like Mesh

In the same sector, and raised in the last eighteen months.

[**Omni** $244M · Nov 2026](https://millionrounds.com/company/omni)[**Fal** $1.4B · Nov 2026](https://millionrounds.com/company/fal)[**Trajectory** $101M · Nov 2026](https://millionrounds.com/company/trajectory)[**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder)[**Clark** $11M · Nov 2026](https://millionrounds.com/company/clark)[**Northwood Space** $505M · Nov 2026](https://millionrounds.com/company/northwood-space)

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