Gelato Network raises $11 million in Series A funding led by Dragonfly Capital
Gelato Network, a protocol that helps automate smart contract execution on Ethereum and other blockchains, has raised $11 million in a Series A funding round.Dragonfly Capital led the round, with ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov, founder and CEO of Aave, also participating. This was a token sale round and the fresh capital will help support more blockchains, Gelato co-founder Hilmar Orth told The Block. Gelato Network currently supports Ethereum, Polygon, and Fantom blockchains and it is looking to add support for Arbitrum, Optimism, Binance Smart Chain,