Company Advances Patented, Next-Gen Semiconductor Tech

FREMONT, Calif., May 1, 2025 — Mivium, Inc., a leading innovator in semiconductor material science, announced the successful completion of a $5 million equity financing round through Equifund Crowd Funding Portal. This brings Mivium’s total funding to over $6.34 million, accelerating the company’s mission to deliver high-purity, wide-bandgap materials such as GaN (gallium nitride) to the global market.

“Silicon’s limitations are clear, and this new funding enables us to significantly accelerate the development of Mivium’s GaN technology, which we believe will redefine the future of semiconductors,” said Eric Tsai, Co-founder and CEO of Mivium.

As silicon reaches its performance limits, GaN emerges as the next generation technology, offering superior speed and energy efficiency crucial for applications ranging from AI data centers to electric vehicles and aerospace/defense applications. However, manufacturing GaN semiconductors has long been hindered by the scarcity of high-quality substrates and supply chain constraints, resulting in higher costs and production challenges.

Mivium’s innovative, patented process addresses these obstacles by enabling scalable, cost-effective production of high-purity GaN—without the toxic byproducts associated with conventional methods. The company’s first focus is getting its GaN particle prototype to market, followed by GaN substrates.

Curious about how Mivium is powering the next generation of tech? Visit mivium.com.

About Mivium
Founded in 2022 and headquartered in Fremont, California, Mivium specializes in advanced semiconductor materials. The company’s patented manufacturing process produces high-quality gallium nitride (GaN) substrates designed to outperform traditional silicon-based semiconductors in industries such as power electronics, aerospace, telecommunications, AI infrastructure, photonics, and biotechnology. Mivium’s team comprises experts in material science and semiconductor manufacturing, driving the company’s innovative approach.

Media Contact:
Eric Tsai
[email protected]
626-416-7194

Disclaimer: This press release contains forward-looking statements regarding future events or the future performance of Mivium, including expectations related to technology development, market adoption, and financial projections. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors such as technological challenges, market competition, regulatory changes, and availability of resources may impact the achievement of these forward-looking statements. Mivium undertakes no obligation to update these statements to reflect events or circumstances after the date hereof.

SOURCE Mivium, Inc.

Early-Stage Companies Encouraged to Apply for Investment and Strategic Support

SEATTLE, May 1, 2025 — E8 Angels, a nonprofit membership community of accredited angel investors specializing in cleantech innovation, announced the launch of its 2025 Decarbon8-US Philanthropic Fund Request for Applications (RFA). This year, the fund is focused on catalyzing Software and AI solutions that drive meaningful climate impact and accelerate decarbonization efforts.

Early-stage companies working at the intersection of technology and climate solutions are encouraged to apply for funding, mentorship, and visibility through Decarbon8-US. Applications are open now through June 20, 2025.

“Software and AI are powerful tools to tackle the climate crisis, offering scalable, capital-light pathways to impact,” said Karin Kidder, Executive Director of E8. “Through Decarbon8-US, we are excited to identify and support innovators who are advancing a sustainable, decarbonized future.”

Previous Decarbon8-US recipients have received an average of $300,000 in combined funding, including investments from the Decarbon8-US Fund and direct co-investment from E8 members. Selected companies also gain access to follow-on investment opportunities, expert mentorship, and broad promotional support across E8’s network.

Eligible companies must:

• Have a Software and AI solution driving climate innovation and decarbonization.
• Have generated revenue or secured signed Letters of Intent (LOIs) leading to revenue in 2025.
• Be in Pre-seed to Series A stages of growth financing.
• Have an open investment round (equity, note, or debt) accepting investments from September to November 2025.
• Be incorporated as a for-profit entity in the United States or Canada.

Solutions may include innovations in energy systems optimization, infrastructure efficiency, resource management, transportation, materials science, and climate-focused financial services.

Finalists will pitch to E8’s screening committee and membership community this summer, with investment decisions and co-investment opportunities awarded in early September.

E8 & Decarbon8-US receive support from climate leaders, including Microsoft, University of Washington, Washington State University, K&L Gates, CleanTech Alliance, JP Morgan Chase, VertueLab, and the Stolte Family Foundation. Decarbon8-US is a philanthropic investment fund administered by Realize Impact, a 501(c)(3) impact investing specialist.

Access the full Request for Applications and apply here. The application window closes June 20, 2025.

For media inquiries, please contact Karin Kidder: 509-795-0116, [email protected]

About E8
E8 is a non-profit membership community whose mission is to accelerate the transition to a prosperous and cleaner world by investing in and nurturing emerging cleantech enterprises. Since 2006, we have invested over $67M into 160+ cleantech companies in the US and Canada. Our community supports various types of investors and asset classes, including direct angel for-profit investing, a member driven annual fund, and a philanthropic impact fund dedicated to accelerating decarbonization and climate mitigation. E8’s community and investment offerings are underpinned by a belief in the capacity of innovative enterprises and technologies to amplify both positive returns and impact.

SOURCE E8 Angels

Infrastructure Strategy Focuses on Mid-Market Investments in Industrial Decarbonization Assets

BOSTON and DUBLIN, May 1, 2025 — Ara Partners, a global investment firm dedicated to the decarbonization of the industrial economy, today announced that it has raised over $800 million for its Ara Infrastructure strategy, including its debut Fund, Ara Infrastructure Fund I, and associated co-investment vehicles. The Fund exceeded its target of $500 million, drawing strong support from Ara’s existing investor base and a diverse set of new institutional investors comprised of pension funds, insurance companies, sovereign wealth funds, endowments, and foundations from North America, Europe, and the Asia-Pacific region.

Ara Infrastructure is led by industry veterans George Yong and Teresa O’Flynn. The strategy targets mid-market infrastructure with a focus on developing new and re-purposing high quality legacy assets for the low carbon industrial economy. Since launching the strategy in 2022, Ara Infrastructure has completed three investments, with a fourth commitment expected shortly. The Fund now owns 12 operational assets across North America and Europe. Portfolio companies include:

• Lincoln, a leading terminal services provider with a strong footprint in the Southeastern and Mid-Atlantic U.S.
• USD Clean Fuels, a developer of renewable fuel feedstock and biofuel logistics infrastructure on the U.S. West Coast
• Natural World Products, a leading organics recycler in Northern Ireland and the Republic of Ireland, managing over 330,000 tonnes of household waste annually

“We are incredibly proud of this milestone and grateful for the robust support from our investors. This Fund enables us to pursue a generational investment opportunity across Europe and North America, characterized by increasing energy and industrial demand, a move towards decentralized energy systems, as well as the need to ensure an economic path toward a lower carbon economy,” said Teresa O’Flynn, Partner and Co-Head of Infrastructure at Ara Partners. “We are focused on building high-value decarbonization assets that future-proof businesses for the modern economy and support the energy transition.”

“We are committed to delivering attractive risk-adjusted returns with classic infrastructure characteristics to our investors,” said George Yong, Partner and Co-Head of Infrastructure. “Ara’s builder capabilities and DNA ideally position us to navigate the disjointed, yet opportunity-rich, world of middle-market sustainable infrastructure. Companies in our target sectors seek more than just a capital provider; we believe our in-house operational capabilities make us a value-add partner of choice. We look forward to supporting exceptional teams and companies across these sectors.”

Rede Partners acted as placement agent and Debevoise & Plimpton LLP served as legal counsel in the formation of Ara Infrastructure Fund I.

About Ara Partners
Founded in 2017, Ara Partners is a global private equity and infrastructure firm dedicated to decarbonizing the industrial economy. Ara seeks to build, scale, and optimize companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Dublin and Washington, D.C.. As of December 31, 2024, Ara Partners had approximately $6.2 billion of assets under management.

For more information about Ara Partners, please visit www.arapartners.com.

Media Contacts:
Catherine MacDonald, Ara Partners
[email protected]

Zach Harris, Prosek Partners
[email protected]

Logo – https://mma.prnewswire.com/media/2677239/Ara_Partners_logo.jpg

Ex-Cockroach Labs Engineers Raise $3.5M in Seed Funding to Build a High-Performance CI Cloud for the AI Age

SAN FRANCISCO, May 1, 2025 — Blacksmith, the high-performance CI cloud designed to compete with industry goliaths like GitHub and AWS in an AI world, today announced $3.5M in seed funding led by GV (Google Ventures) and Y Combinator, with participation from notable angel investors including Spencer Kimball, CEO of Cockroach Labs; Peter Mattis, CTO of Cockroach Labs; and Rich Aberman, Co-Founder of WePay by J.P. Morgan.

“Existing CI platforms often act as a bottleneck rather than an accelerator. Blacksmith is tackling this head-on by rethinking CI from the ground up, delivering the performance necessary for companies to innovate rapidly, particularly as AI transforms development workflows,” said Erik Nordlander, General Partner at GV.

In an AI world where agents and code generation tools exponentially increase the amount of code that exists, these existing CI challenges will only worsen, and companies—from startups to enterprises—will have to ditch old workarounds and adapt quickly.

“Instead of watching companies slow down as they awkwardly try to force legacy CI technologies into an AI mold, our goal is to reinvent from first principles,” said Aayush, Co-founder of Blacksmith.

What makes Blacksmith unique is that the platform isn’t just another AWS, GCP, or Azure wrapper (like GitHub); instead, it’s a hardware-software stack that makes numerous purpose-built optimizations for CI–trade-offs that hyperscaler platforms, which must support general workloads, cannot make.

Blacksmith is already working with over 600 organizations, including Ashby, Veed, Finch, Pylon, and Plex. Their technology has been critical in allowing their customers to unlock tremendous amounts of growth.

About Blacksmith

Blacksmith is a high-performance CI cloud designed from first principles to provide best-in-class compute, storage, observability, and security for CI workloads in an AI world. Blacksmith was built by a team behind the data distribution and disaster recovery systems in CockroachDB, the world’s most powerful and reliable distributed SQL database, which is used by some of the world’s largest enterprises, including Comcast, JPMorgan, Netflix, and DoorDash. The company, which is based in San Francisco, was founded in 2024. For more information, visit https://www.blacksmith.sh.

SOURCE Blacksmith

SANTA BARBARA, Calif., May 1, 2025 — Coinciding with its 25th anniversary, Mission Wealth has announced a minority investment from Great Hill Partners, a private equity firm that invests in high-growth companies. The partnership will fuel Mission Wealth’s industry-leading organic growth, enhance its client service offering, and support the firm’s national expansion plans. Mission Wealth remains proudly independent and will be majority owned by its employees. Terms of the transaction were not disclosed.

Mission Wealth is a leading wealth management firm based in Santa Barbara, California, with 35+ offices across the United States. Founded in 2000, the firm provides comprehensive financial services, including financial planning, investment management, estate planning, tax planning, retirement planning, asset protection, charitable giving, and support for personal life goals. Mission Wealth offers holistic wealth management services to over 4,100 high-net-worth individuals and families across the country, providing specialized guidance through major life events with a service-oriented culture focused on helping clients lead more fulfilled lives.

“As we celebrate our silver anniversary, we are thrilled to welcome Great Hill as a key partner in our mission to help our clients realize true wealth,” said Matthew Adams, CEO of Mission Wealth. “This partnership brings vital resources and additional intellectual capital to our firm, enabling us to serve clients in new ways, accelerate our organic growth initiatives, bolster our mergers and integrations team, and further invest in our technology stack. Great Hill’s partnership is a strong endorsement of our business model, culture, and team, and their track record of collaborating with founders and management teams will be instrumental in driving our ambitious growth trajectory.”

Matthew Vettel, Managing Director of Great Hill, commented, “We are excited to embark on this journey with Mission Wealth. They have an exceptional leadership team, strong culture and a comprehensive platform to support their advisors and clients. Mission Wealth is a recognized leader in the wealth management industry with an unwavering commitment to superior client service and innovation which has fueled their impressive growth. We look forward to supporting their strategy to expand both organically and through strategic mergers, while helping them build on their legacy of excellence.”

As part of the transaction, Matthew Vettel will join the Mission Wealth Board of Directors. Seward & Kissel acted as legal counsel to Mission Wealth on the transaction. Great Hill was advised by Ardea Partners LP who served as exclusive financial advisor and Goodwin Procter LLP who served as legal counsel.

About Mission Wealth
Mission Wealth is a nationally recognized RIA that manages over $10.7 billion in assets under management. Known for its comprehensive service model driven by a world-class technology stack, Mission Wealth offers financial planning, investment counsel, tax planning, tax preparation, estate planning, philanthropic advice, and asset protection solutions tailored to each client’s individual goals. 

About Great Hill Partners
Founded in 1998, Great Hill Partners is a private equity firm targeting investments in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones’ Mid-Market and Large Buyout Performance Ranking lists from 2021-2024. For more information, including a list of all Great Hill investments, visit www.greathillpartners.com.

MISSION WEALTH IS A REGISTERED INVESTMENT ADVISOR. 00751909 05/25

SOURCE Mission Wealth Management, LP

Firm exceeds target capital, signaling strong market demand for its operator-led investment strategy

NEW YORK, May 1, 2025 — Smith Point Capital Management, LLC, an operator-led venture capital firm shaping the intelligent enterprise, today announced the final closing of its inaugural fund, Smith Point Capital Fund I, L.P., with more than $360 million in aggregate commitments, exceeding its target of $300 million.  

Smith Point Capital’s operator-led investment approach attracted significant interest from emerging technology companies as well as institutional investors, foundations, endowments, family offices, and strategic investors. As of the final closing, the Fund already holds six portfolio investments representing $145 million of invested capital – a testament to both the strength of the Firm’s strategy and the market’s appetite for its differentiated value proposition.

“The new intelligent enterprise will be built through experienced partnerships and execution – not just capital,” said Keith Block, Founder & CEO of Smith Point Capital. “We launched Smith Point Capital to build a firm that provides the critical support founders need from trusted operators who have been in their shoes and can deliver actionable guidance based on real-world experience. At Smith Point Capital, we’ve assembled a team that has built and scaled some of the world’s most successful enterprise software companies. This means we’ve experienced the challenges firsthand, developed the strategies that work, and cultivated the networks and partnerships that can open doors. We’re not just providing capital; we’re providing the navigational tools to drive sustainable growth and create lasting value.”

The Firm’s careful curation of investors, operators, and its Precision Advisory Network makes it a distinctive player in the investment space, offering a blend of operational expertise and investment acumen that sets it apart from traditional investment firms. Unlike many investment firms that primarily bring financial expertise to the table, Smith Point unites world-class operating executives from industry vanguards like Salesforce, Oracle, Expedia, Celonis, and Snowflake with seasoned investment professionals from Vista Equity Partners, Salesforce Ventures, Morgan Stanley, and RCL Capital.

This dual expertise creates a powerful advantage: portfolio companies don’t just receive funding – they gain access to operators who have successfully navigated the enterprise software landscape at the highest levels. Smith Point Capital’s approach isn’t just different; it’s essential for success in today’s enterprise landscape where intelligence is reshaping every aspect of how businesses operate.

Fund I focuses on investing in enterprise software companies that deliver mission-critical technologies that reshape business processes, operations, and customer experiences. Leveraging an operator-led model, the Fund is designed to capitalize on emerging opportunities and guide portfolio companies through the complexities of growing and scaling across the enterprise software landscape. The Fund’s goal is to deliver sustainable value for both investors and entrepreneurs by combining deep operational expertise with a commitment to innovation and strategic partnerships to shape the companies who are building the intelligent enterprise.

“Smith Point’s experience and networks transcend the traditional funding models of venture capital firms, making them the perfect partner for founders and CEOs,” said Michael Amori, Co-founder and CEO of Virtualitics. “Through their Precision Advisory Network, I get the additional benefit of building relationships with a curated group of industry leaders, providing tailored guidance that accelerates our company’s growth and success.”

Smith Point Capital’s Fund I close comes at a pivotal time in the market. Founders are increasingly demanding more than just capital from their investment partners – they are actively seeking firms that will engage deeply in scaling their business and strengthen their networks. Pitchbook data shows that venture capital firms who take an active role in company-building – and who leverage powerful, deeply rooted and relevant networks – experience failure rates that are 50% lower than their peers and generate returns that are 3x-4x higher than industry averages. Having a hands-on lead investor is no longer a luxury – it has become crucial for startup survival and success.

“Smith Point Capital has been a transformative partner for AssemblyAI,” said Dylan Fox, Founder & CEO of AssemblyAI. “They truly understand the enterprise landscape and have helped us accelerate our ability to unlock an entirely new class of AI applications for our customers. In today’s market, having investors who contribute strategic expertise alongside capital isn’t just beneficial—it’s critical for companies like ours that are building the intelligent enterprise of tomorrow.”

With its first fund closed, Smith Point Capital is poised to expand its portfolio and deepen its engagement with category-defining founders across the enterprise software landscape. The Firm’s distinct blend of operational experience and strategic capital positions it to help build the next generation of intelligent, durable, and high-performing enterprise technology companies.

About Smith Point Capital

Smith Point Capital Management, LLC is a venture capital firm redefining growth equity for the intelligent enterprise. We invest in mission-critical enterprise software at the convergence of data, AI, edge computing, and precision applications. Our operator-led approach combines Fortune 500 executive experience with deep investment expertise, providing both hands-on operational support and strategic capital to help companies accelerate growth and maximize market impact. For more information, visit www.smithpointcapital.com.

SOURCE Smith Point Capital Management, LLC

– T1D Fund Joins Financing Syndicate –

– Proceeds to Fund Remainder of Phase 2a ‘ZONE’ Trial and Nonclinical Development of a Once-Weekly Version of ZT-01 –

TORONTO, May 1, 2025 – Zucara Therapeutics Inc., (“Zucara” or the “Company”) a diabetes life sciences company developing ZT-01, the first once-daily therapeutic to prevent hypoglycemia (low blood glucose levels) in people with diabetes, today announced that it has completed the second and final closing of its US$25 million Series B Financing (the “Financing”).

The T1D Fund: A Breakthrough T1D Venture and other new investors invested a combined US$5 million to complete the Financing. As previously announced, strategic investor, Sanofi, and existing investor, The Perceptive Xontogeny Venture Fund (“PXV Fund I”), invested a combined US$20 million as part of the Financing’s first closing.

“We are thrilled to close our Series B financing, which will enable us to complete our Phase 2a clinical trial and the nonclinical activities to support a once-weekly version of ZT-01,” said Michael Midmer, CEO of Zucara. “As one of the largest disease-focused impact investing funds in the world, the T1D Fund focuses on funding therapies that have significant potential for clinical impact in Type 1 diabetes, so we are delighted to have their support.”

T1D Fund Managing Director, Sylvia Tobé, commented, “Our investment builds on funding that our parent organization, Breakthrough T1D, previously granted to Zucara to support the discovery and clinical development of ZT-01. Having followed Zucara for some time, we are excited to support the further advancement of this promising candidate that has the potential to address a common and potentially life-threatening complication of Type 1 diabetes.”

In connection to the Financing, Dr. Tobé will join Zucara as a Board Observer. Dr. Tobé is an experienced biotech industry professional with over a decade of experience in the sector. Prior to joining the T1D Fund, she was a Principal on the investment team at Omega Funds, where she focused on early-stage investments and company creation in various therapeutic areas. She also previously served at publicly traded Ra Pharmaceuticals, a peptide drug discovery company, where she provided scientific leadership for multiple discovery programs within its internal pipeline and in collaboration with Merck. Dr. Tobé is a Board Director at DiogenX and a Board Observer at various biotech companies across the auto-immune and regenerative spaces.

Proceeds from the Financing are expected to fund the remainder of Zucara’s ongoing Phase 2a trial of the effect of ZT-01 On Nocturnal hypoglycemia Events in Type 1 diabetes (“T1D”) mellitus (“ZONE”), and the nonclinical development of a once-weekly version of ZT-01.

About The T1D Fund

The T1D Fund is an impact investment fund focused on accelerating life-changing solutions to treat, prevent, and ultimately cure type 1 diabetes (T1D). Launched in December 2016, the T1D Fund is a unique, evergreen construct that is the first scaled, mission-driven venture fund established to catalyze the development of T1D cure-oriented therapies through equity investments. By partnering with additional sources of capital, including venture capital, corporations, and foundations, the T1D Fund is able to attract and effectively deploy capital towards disease-modifying therapies and potential cures for T1D.  Managed by a dedicated team of investment professionals and supported by its foundational partners – including Breakthrough T1D (formerly JDRF) and the Helmsley Charitable Trust, the leading global organizations funding T1D research – the T1D Fund continues to pursue innovative approaches that have the curative potential to make a significant impact for people living with T1D. For more information, visit t1dfund.org or follow the T1D Fund on LinkedIn.

About ZT-01

ZT-01 is designed to prevent potentially dangerous low blood glucose by restoring the body’s ability to counterregulate hypoglycemia. In people without diabetes, α-cells secrete glucagon that signals the body to release its own glucose stores to prevent or reverse hypoglycemia. However, in people with insulin-dependent diabetes – including those with T1D and insulin-dependent Type 2 diabetes – evidence suggests that elevated secretion of pancreatic somatostatin suppresses glucagon release from α-cells. Zucara has demonstrated that, in people with T1D, the glucagon response can be increased with ZT-01, a first-in-class SST receptor 2 antagonist.

About Zucara Therapeutics Inc.

Zucara Therapeutics is developing ZT-01, a first-in-class, once-daily therapeutic to prevent hypoglycemia in people with T1D and insulin-dependent Type 2 diabetes. ZT-01 is designed to inhibit somatostatin, a pancreatic hormone that impairs the glucagon response to hypoglycemia in people with these conditions. ZT-01 is designed to restore glucagon secretion to prevent hypoglycemia, which could dramatically change diabetes disease management and improve both patient health and quality of life. For more information, visit www.zucara.ca.

SOURCE Zucara Therapeutics Inc.

GUANGZHOU, China, May 1, 2025 — EnChannel Medical, a breakthrough innovator in cardiac electrophysiology, today announced the successful completion of an oversubscribed Series B financing, raising $82.2M (600M RMB). The round was co-led by Dragonball Capital and existing investor Lilly Asia Ventures (LAV), with continued strong support from Lapam Capital.

This financing marks one of the largest private investments in China’s medical device sector since 2023. EnChannel’s previously completed its Series A round of $27.8M (195M RMB) in August 2023. Proceeds from the Series B round will accelerate product development and advance clinical registration trials both in China and internationally.

“EnChannel’s platform integrates full-chamber action-potential mapping with pulsed-field ablation to address long-standing unmet needs in atrial fibrillation treatment,“ said Jun Feng, CEO of EnChannel Medical. “We’re grateful for the strong support from new and returning investors and encouraged by early clinical data from our ongoing studies. Key results were presented at the Heart Rhythm Society Meeting in San Diego, held April 24-27.“

About EnChannel Medical
Founded in 2020 by a team of seasoned electrophysiology innovators from both the United States and China, EnChannel is developing a holistic platform that unifies magnetic-impedance navigation, intracardiac echocardiography, full-chamber 5D action-potential mapping, and mid-voltage (<1000 V) pulsed-field ablation to deliver safe and personalized treatment for patients with atrial fibrillation.

Headquartered in Guangzhou, with an R&D subsidiary in Irvine, California, EnChannel is well positioned to expand its global innovation and advance its mission to transform AF care through data-driven, patient-specific therapy solutions.

For more information, visit http://www.enchannel.com and follow us on LinkedIn.

The DePolar® Mapping System and the NanoAblate® PFA System are investigational devices and are limited by federal (or United States) law to investigational use.

Media Contact
Bradley Wegrzynowicz
(610)462-0197
[email protected] 

SOURCE EnChannel Medical Ltd.

By embedding instant crypto-to-stablecoin conversion into Apple Pay, Mesh makes spending crypto as simple as any tap-to-pay fiat transaction

DUBAI, UAE, May 1, 2025 — Mesh, the first truly global crypto payments network, today unveiled its Apple Pay integration live on stage at Token2049 during Co-Founder and CEO Bam Azizi’s keynote address. This marks the first public demonstration of the new capability – available later in Q2 – that will enable merchants partnered with Mesh to accept crypto payments through Apple Pay without building their own crypto infrastructure.

The new Apple Pay integration leverages Mesh’s proprietary SmartFunding technology, which allows users to pay with the crypto of their choice, such as BTC, ETH, or SOL, while merchants settle in the stablecoin of their choice, such as USDC, USDT, PYUSD, and others. Breaking down this inherent misalignment of incentives between consumers and merchants topples the largest barrier preventing crypto payments from becoming a mass market product to date. Users simply select the Apple Pay option at checkout, authenticate with Face ID, and complete the transaction as they would with any fiat payment.

“We believe that as soon as crypto payments are as seamless as fiat payments, nothing is left to stop the mass migration of global commerce onto blockchain rails. Crypto already offers countless benefits over fiat, and Mesh is solving the UX and convenience pieces,” said Bam Azizi, CEO and Co-Founder of Mesh. “With our Apple Pay integration, we’re solving crypto‘s existential last-mile problem, bringing to life a plug-and-play solution that turns on global crypto payments through our existing partners.”

As demonstrated live moments ago by Azizi, Merchants with physical retail locations will now be able to leverage Apple Pay’s NFC capabilities, offering customers the same frictionless experience in-store as they experience online. And this innovation isn’t limited to point-of-sale terminals  – it extends to e-commerce, too.

Mesh’s latest innovation comes on the heels of its $82 million Series B fundraise, led by Paradigm, with participation from Consensys, QuantumLight Capital, Yolo Investments, and others.

With over 300 integrations – including Coinbase, Binance, MetaMask, Phantom, and more – Mesh’s infrastructure ensures broad access and seamless connectivity across the crypto payments ecosystem.

For more information about Mesh, visit https://meshconnect.com/.

About Mesh

Founded in 2020, Mesh is building the first global crypto payments network, connecting hundreds of exchanges, wallets, and payment service providers (PSPs) to enable seamless crypto payments and stablecoin conversions. By unifying these platforms into a single network, Mesh is pioneering an open, connected, and secure payments ecosystem. For more information, visit https://www.meshconnect.com/.

Contact: [email protected]

SOURCE Mesh