# Gelato Digital OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gelato-digital-ou

- Industry: Software
- Headquarters: Zug, Switzerland
- Website: www.gelato.network
- Total disclosed funding: $23M
- Latest round: Series A (Oct 28, 2024)
- Investors on record: 12

## About

Based in Switzerland, Gelato Digital OÜ provides a sophisticated cloud platform that empowers developers to deploy customized enterprise-grade rollups within the Web3 ecosystem, streamlining operational efficiency and enhancing user experience.Gelato Digital OÜ, founded in 2019, operates from Zug, Switzerland, specializing in cloud solutions for Web3 applications. The company has completed 3 deals, with its latest being a Series A round that raised USD 11.00 mn on October 28, 2024, led by Hack VC, alongside Animoca Brands and other investors. Founders Hilmar Orth and Ramlih Thro have a background in technology and blockchain innovation, contributing to Gelato's strategic direction in the decentralized finance space.Gelato offers a cloud platform that facilitates the deployment of customized enterprise-grade rollups tailored for the Web3 ecosystem. Its core product, Rollup-as-a-Service, allows developers to build, run, and scale rollups by leveraging a comprehensive suite of services, including account abstraction and transaction relaying. With over 500 applications utilizing Gelato’s services, the company handles a daily transaction volume exceeding 4.5 million, positioning itself as an essential partner in the growing decentralized finance and gaming sectors.In 2023, Gelato Digital OÜ reported a revenue of USD 1,078,602, while its EBITDA for the same year was USD -49,802.1, reflecting the company’s operational dynamics as it continues to scale its offerings within the blockchain infrastructure market.Following its most recent funding round on October 28, 2024, Gelato Digital OÜ plans to utilize the USD 11 mn raised to enhance its growth trajectory, expand its team, and advance its platform capabilities. The company is poised to introduce new products to strengthen its service offerings and aims to penetrate additional international markets to meet the increasing demand for decentralized solutions. Specific geographic regions targeted for expansion will be determined as part of its strategic initiatives.

## Funding rounds

- Series A, Oct 28, 2024, $11M — Hack VC, Bloccelerate VC, IOSG Ventures, Animoca Brands
- Series A, Sep 30, 2021, $11M — IDEO, Dragonfly Digital Management, Nascent, ParaFi Capital
- Seed, Sep 15, 2020, $1.2M — Galaxy Asset Management, MetaCartel Ventures, The LAO, IOSG Ventures, D1 Ventures

## Investors

- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Seed
- MetaCartel Ventures (https://capitalatlas.ai/funds/metacartel-ventures) — Seed
- The LAO (https://capitalatlas.ai/funds/the-lao) — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed, Series A
- D1 Ventures (https://capitalatlas.ai/funds/d1-ventures) — Seed
- IDEO — Series A
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Series A
- Nascent (https://capitalatlas.ai/funds/nascent) — Series A
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- Bloccelerate VC (https://capitalatlas.ai/funds/bloccelerate-vc) — Series A
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Series A