Smart Contract Automation Network Gelato Completes $11 Million Series A+ Funding, Led by Hack VC

Odaily News Gelato, which focuses on smart contract automation networks, announced the completion of an $11 million Series A+ round of financing, led by Hack VC, with participation from Animoca Brands, IOSG Ventures and Bloccelerate VC. The additional funds will enable Gelato to expand its platform, enabling startups and enterprises to launch their own blockchain-based applications. The new financing brings Gelato's total financing to $23 million. Gelato co-founder Hilmar Orth said the funds will help the network improve user experience to support Web3 and Web2 companies to build scalable on-chain applications. (Cointelegraph)