Gelato’s Funding Tops $23M After Hack VC-led Series A+ Round

Gelato has secured additional millions in funding. The platform said it will use the funds to build an advanced RaaS platform. Gelato’s founder compared the platform’s potential to Amazon’s AWS. Gelato’s total funding has eclipsed $23 million following a Series A+ round led by Hack VC, the project announced on Monday. Founded in 2019, Gelato is an Ethereum Rollup-as-a-Service (RaaS) platform on a mission to revolutionize Web3 development with “fully serviced” Layer 2 chains. The platform said over 50 projects relied on its service to process 4.5 million daily transactions and secure over $600 million in total value locked

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