Fundraising FoxMezo
15 known investors
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Mezo is a Bitcoin-backed lending and yield platform that allows users to borrow stablecoins (MUSD) using Bitcoin as collateral and earn yield through managed vault strategies. The platform serves Bitcoin holders seeking liquidity without selling their holdings.
Also known as Mezo Network
Founders & leadership
Investors · 15
How we know: Asymmetric's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Cathay Innovation's portfolio page · a partner's Signal profile · the VCSheet dataset · Not right? Tell us
How we know: Draper Dragon's portfolio page · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: Pantera Capital's portfolio page · funding news · theblock.co · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
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Also in the syndicate · 1
Funding
SEC filings, press & company announcements$21M disclosed across 1 of 3 rounds · 2024
- Undisclosed amountStrategic RoundJul 2024
Ledger Cathay Fund (lead)
Source ↗ - $21MraisedApr 2024 · 3 sources
Pantera Capital (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Mezo is a Bitcoin-centered consumer finance application that lets holders borrow against, earn on and spend their Bitcoin rather than selling it. Its core products are a decentralized line of credit collateralized by Bitcoin, yield vaults powered by Upshift Finance that run managed strategies on users' Bitcoin, and MUSD, a native stablecoin that the company describes as fully backed by Bitcoin reserves and designed to hold a 1:1 value with the U.S. dollar.
The product is delivered through a wallet and app interface that aggregates a user's onchain holdings — BTC, MUSD, "mats," NFTs and other assets — in a single portfolio view, alongside loan status, collateral ratio and risk-management tools with real-time position data. Beyond borrowing and earning, the app supports providing liquidity and voting on protocol governance. Mezo also runs its own block explorer and publishes developer documentation for projects building on it, and maintains an offering directed at institutions.
Business model
Mezo operates an onchain protocol and consumer application around Bitcoin-collateralized credit, a Bitcoin-backed stablecoin (MUSD) and yield vaults, with network transaction fees paid in a designated token and vault strategies operated in conjunction with Upshift Finance.
▸Full profile — market position, technology, go-to-market, history
Market position
Mezo positions itself as an everyday finance layer for Bitcoin — bank-free, permissionless and decentralized — emphasizing use of Bitcoin rather than passive holding.
Mezo combines Bitcoin-collateralized credit, a Bitcoin-backed stablecoin and expert-managed yield vaults in one wallet and app interface, with real-time collateral and risk monitoring and no reliance on banks or intermediaries.
Technology
Mezo is a decentralized, permissionless onchain network with its own explorer and developer documentation. It issues MUSD, a stablecoin stated to be 100% backed by Bitcoin reserves and pegged 1:1 to the U.S. dollar, and supports Bitcoin-collateralized credit lines, liquidity provision and onchain governance voting. Yield vaults are powered by Upshift Finance, with some vault parameters subject to time locks.
Go-to-market
Direct-to-consumer via a web application optimized for desktop, supported by documentation, an FAQ, a blog and an email newsletter, plus a separate track for institutions and for dapp/project integrations.
Bitcoin holders who want liquidity, yield or spending capability without selling their holdings; developers building dapps on the network; and institutions, for whom the company maintains a dedicated offering.
History
Mezo is built by Thesis, a team the company describes as having spent more than ten years working on Bitcoin with a focus on security, and as the creators of tBTC, Fold and Taho.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Related companies · 10
Companies working in the same space as Mezo.
In the news
▸Research sources · 1
primary sources listed
- Mezomezo.org · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Mezo do?
- Mezo is a Bitcoin-based finance app for borrowing, earning yield and spending without selling Bitcoin.
- Who founded Mezo?
- Mezo was founded by Matt Luongo.
- Who are Mezo's investors?
- Mezo's investors include Asymmetric, BaseTwo, Cathay Innovation, Draper Dragon, Flowdesk, Multicoin Capital, Nascent, Pantera Capital and 6 more.
- How much funding has Mezo raised?
- Mezo has disclosed $21M raised across 1 of its 3 known rounds.