Gelato Raises $11M to Develop Rollup Platform; Announcing the Newly-Unveiled Ink from Kraken as Customer

Gelato supports over 50 rollups, including Ink, the new Layer 2 solution released by Kraken, and Fox News' Layer 2, Verify.

Gelato, the leading Rollup as a Service (RaaS) platform, has raised $11 million in a Series A+ funding round to accelerate its growth in becoming the go-to platform for enterprises and startups to launch their own blockchains.

With new funding secured, Gelato is expanding its team and platform to support more enterprise-grade rollups. This includes Ink, the new Layer 2 solution unveiled last week by Kraken, one of the world’s longest-standing and most secure crypto platforms. Ink plans to bridge the gap between users and the builders engineering the future of DeFi, offering secure and seamless access to compelling and streamlined experiences that open DeFi’s wealth-building opportunities to a much broader sweep of crypto users than ever before.

As a key infrastructure provider, Gelato supports an extensive ecosystem of over 500 applications relying on its leading web3 services, including DeFi giants like Aave, Sky, and Infinex. Rollups launched on Gelato’s RaaS Platform benefit from having a complete infrastructure solution that enables these applications to deploy from day one. Drawing parallels to AWS's cloud platform, Gelato significantly simplifies creating and managing millions of integrated rollups, revolutionizing how web3 applications and ecosystems are built and scaled.

In a round led by Hack VC, raising 11M with participation from notable investors including Animoca Brand, IOSG Ventures, and Bloccelerate VC, this latest funding brings Gelato’s total amount raised to $11 million, demonstrating strong investor confidence in Gelato’s vision and execution.

"We are excited to join this funding round. We believe rollups are essential for scaling web3, and we share Gelato's vision of a future built on millions of rollups, trusting their visionary leadership and execution."

– Ed Roman, Managing Partner at Hack VC

“The idea that a single blockchain can scale to support all future on-chain applications is outdated. Instead, we envision a future with millions of interconnected chains, each scaling its onchain apps independently. Just like Web2 Server Applications are deployed on AWS, Web3 Rollup Applications are deploying on Gelato.”

– Hilmar Orth, Founder of Gelato.

Learn More: gelato.network