Morrison Foerster advised Mesh, the first global crypto payments network, in its completion of a $82 million Series B funding round led by Paradigm with participation from Consensys, QuantumLight, and Yolo Investments and others and was funded in large part using PayPal USD (PYUSD) stablecoin, setting a historical precedent for stablecoin funding.
The investment brings Mesh’s total funding to over $120 million. MoFo assisted on Mesh’s Series A funding and an earlier strategic investment from QuantumLight.
The MoFo team advising Mesh was led by Palo Alto corporate partner Jim Ryan, together with corporate associates Lovina Consunji and Hanna Balcha.
Read the press release.
