Mash Raises US$6 Million in Seed Funding


Mash, a Toronto, Canada-based payments platform that is enabling builders, creators, and developers to properly monetize their experiences leveraging Bitcoin and the Lightning Network, raised US$6 million in seed funding.

The round was co-led by Castle Island Ventures and Whitecap Venture Partners, with participation from Maple VC, Strategic Cyber Ventures, Aquanow, Spacecadet Ventures, and several angel investors including Amjad Masad, Balaji Srinivasan, Austin Hill, John Pfeffer, and Dean Skurka.

The company intends to use the funds to build out and commercialize its Bitcoin and Lightning Network payments platform; grow its team across engineering, marketing, sales, and business development; and execute on its go-to-market strategy. 

Led by Jared Nusinoff, founder and CEO, Mash provides a Bitcoin Lightning Network payments platform for builders, developers, and creators to implement net-new business models to generate revenue for the experiences they deliver; and by providing consumers with a digitally native wallet to use everywhere. The technology is built on a foundation of Bitcoin and Lightning, which together bring the power of open, digitally native money to global markets, enabling interoperable payments to anyone, anywhere around the world at immaterial cost, programmatically, and for any amount. 

The company recently launched a beta version of its first product that enables web apps and creators to charge based on access/usage and add a consumer digital wallet with a snippet of code. Mash is also in the process of onboarding several partners.