Mezo, a Bitcoin scaling network built by venture studio Thesis, has raised $7.5 million in a strategic funding round led by Ledger Cathay Fund. 

Other investors in the round included ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol and Mantle EcoFund, Bybit's ecosystem project, Thesis said Friday.

The strategic funding round comes three months after Mezo emerged from stealth with $21 million in funding led by Pantera Capital, bringing its total funding to $30 million. "There were some additional checks put in following the last announcement that were not included in this strategic round," Matt Luongo, founder of Mezo and CEO of Thesis, told The Block.

Luongo said Mezo began raising funds for the strategic round about a month ago and closed it last week. He declined …