Web3 relay network Gelato Network completes Series A+ funding

ChainCatcher news, IOSG Ventures director Ray Xiao announced on platform X that he recently led the A+ round financing of Gelato Network, but the specific amount of financing was not disclosed.

According to RootData data, Gelato Network is a Web3 automation and relay network that enables developers to automatically execute various arbitrary smart contracts across all EVM-compatible blockchains (such as Ethereum). Gelato Network previously completed a $11 million Series A financing on September 30, 2021, with a valuation of $125 million.