What is Gelato Network?
Gelato Network operates within the financial software industry, headquartered in Zug, Switzerland. The company is recognized for its contributions to the sector, employing between 20 to 49 individuals and generating revenue in the range of $1M to $5M. Gelato Network's focus on financial software suggests a role in streamlining or enhancing financial operations through technological solutions, likely targeting enterprise-level clients given the scale of its funding.
How much funding has Gelato Network raised?
Gelato Network has raised a total of $12.2M across 2 funding rounds:
Angel/Seed
$1.2M
Series A
$11M
Angel/Seed (2020): $1.2M with participation from IOSG Ventures, D1 Ventures, The LAO, Galaxy Digital Holdings, and MetaCartel Ventures
Series A (2021): $11M led by Dragonfly Capital Partners, NASCENT, IDEO CoLab Ventures, and Parafi Capital
Key Investors in Gelato Network
IOSG Ventures
IOSG Ventures is a research-driven investment fund established in 2017, focusing on Web3 infrastructure, middleware, security, and social consumer applications. They support early-stage founders and developers in the Web3 space.
Dragonfly Capital Partners
Dragonfly Capital is an investment banking firm headquartered in Charlotte, North Carolina, focusing on the specific needs of management and owners of small and middle-market companies.
Parafi Capital
ParaFi Capital is a leading digital asset investment firm founded in 2018, specializing in blockchain and decentralized finance. They invest across crypto assets, DeFi strategies, and blockchain venture capital.
What's next for Gelato Network?
The substantial enterprise-level funding and recent strategic investment position Gelato Network for significant scaling and market expansion. This capital infusion is expected to fuel further development of its financial software solutions, potentially enabling the company to enhance its product offerings, expand its customer base, and solidify its market presence. The company's trajectory suggests a move towards broader adoption and deeper integration within the financial technology landscape, aiming to capitalize on its technological advancements and investor backing for sustained growth.
See full Gelato Network company page
