October 28, 2024
In a recent funding round, Gelato, a Web3-focused Rollups-as-a-Service (RaaS) platform, announced it has raised $11 million from lead investors Hack VC, IOSG Ventures, and Animoca Brands. This funding brings Gelato’s cumulative capital to $23 million, positioning the platform to advance its rollup offerings in the Web3 ecosystem, a growing need among decentralized applications (dApps) and blockchain projects seeking scalable, customized infrastructure.
Gelato’s RaaS platform provides developers with tools to build and deploy rollups, which allow for scalable transaction execution in decentralized environments. Among the rollups supported on Gelato is Ink, a rollup solution recently launched by Kraken. Ink offers a robust framework for transaction processing, designed to support the efficient functioning of dApps across multiple blockchains. Gelato's platform aims to drive innovation by simplifying the development of such solutions, with the new funding bolstering its capacity to serve diverse Web3 needs and partnerships.
With the additional capital, Gelato plans to expand its RaaS capabilities and enhance infrastructure to meet rising demand for rollups across various blockchain platforms. The company’s strategic roadmap emphasizes the development of advanced rollup technology and expanding access for both emerging and established projects in the blockchain industry.
About Gelato
Gelato is a Web3 Rollups-as-a-Service platform that supports developers in creating scalable rollup solutions tailored to decentralized applications. Gelato's services provide critical infrastructure for blockchain scalability, focusing on simplifying and streamlining the deployment of customizable rollups. The platform’s mission is to foster innovation and efficiency in blockchain environments, enabling a new generation of dApps with enhanced scalability and interoperability.
Website: https://gelato.network
X: @gelatonetwork
About Investor
Hack VC
Hack VC is a venture capital firm dedicated to supporting technology and Web3 startups. With a focus on early-stage investments, Hack VC is committed to fostering innovation across the blockchain and decentralized technology sectors. The firm leverages its extensive industry expertise and network to help promising startups grow and succeed in the Web3 space.
Location: San Francisco, California
Website: https://hack.vc
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments