PANews reported on October 28 that according to The Block, the Rollup-as-a-Service (RaaS) platform Gelato raised $11 million in the latest A+ round of financing, led by Hack VC, with participation from Animoca Brands, IOSG Ventures and Bloccelerate VC. The financing will be used to expand the team and services, support more enterprise-level rollup applications, and strive to become the preferred platform for launching blockchain projects.

Gelato's new customers include Kraken's Layer 2 blockchain Ink, which is expected to be launched on the mainnet in early 2025. Ink will be part of the Ethereum Superchain ecosystem and use Optimism's OP Stack architecture. This financing brings Gelato's total financing to $23.2 million.