Gelato Raises $11M in Funding to Expand Smart Contract Automation and Welcomes Kraken’s Ink as a Key Customer
In the dynamic world of blockchain, Gelato is making waves with its groundbreaking advancements in smart contract automation. Recently, the Ethereum-based network raised $11 million in a Series A+ funding round led by Hack VC, bumping its total funding to $23 million.

This funding not only supports Gelato’s expansion but also sets the stage for its vision: making blockchain applications scalable and accessible to businesses across the globe.
Here’s a look at what this means for Gelato and its community 👇

💡 Expanding On-Chain Solutions for Web3 and Web2 Businesses
Gelato’s latest funding enables it to expand and improve its platform, supporting both Web3 and Web2 companies in launching blockchain applications. Co-founder Hilmar Orth highlighted this goal by saying that Gelato’s mission is to make blockspace scalable and affordable for millions of businesses, envisioning a future where every company can operate on-chain. This vision tackles common issues in blockchain adoption: high transaction fees and slow processing times.
To address these challenges, Gelato adopts a modular, multi-chain approach—an innovative departure from the idea that all applications should fit onto a single blockchain. Orth compares this to Web2 companies scaling across millions of servers. This structure allows Gelato to scale on-chain compute while ensuring security and interoperability.
🤝 Partnership with Kraken’s Ink Blockchain

A significant part of Gelato's expansion is its partnership with Kraken, one of the world’s leading cryptocurrency exchanges. Kraken’s new Layer-2 blockchain, Ink, has joined Gelato as a customer, set to launch in early 2025. Ink is designed to facilitate trading, borrowing, and lending without intermediaries, providing a seamless DeFi experience for Kraken users.
Orth expressed his enthusiasm about collaborating with Kraken, mentioning that their crypto-savvy user base aligns with Gelato’s mission of making on-chain compute accessible globally. This partnership not only brings Kraken’s large user base closer to the blockchain ecosystem but also sets the stage for broader on-chain adoption.
🔧 Automating DeFi with Gelato’s Decentralized Bot Network
At its core, Gelato is about automation. With its decentralized bot network, Gelato automates complex DeFi operations—such as rebalancing portfolios and executing trades—without the need for intermediaries or third-party servers. This setup provides an intuitive experience for users and empowers developers by removing the need to write custom bots and run them on centralized servers.
🌐 Notable Integrations with Industry Leaders
Gelato’s automated solutions have already caught the attention of major projects, including MakerDAO, Instadapp, and Zerion. In June, Gelato rolled out G-UNI for Uniswap, which combines Uniswap v3’s capital efficiency with v2’s user-friendly interface. In August, Gelato partnered with Zerion to enable its 200,000+ monthly users to automatically manage Uniswap v3 liquidity.
💸 Attracting Big Backers for Web3 Development
Investors have taken note of Gelato’s potential to push Web3 forward. Heavyweights like Animoca Brands, IOSG Ventures, and Bloccelerate VC joined Hack VC in funding Gelato’s mission, following earlier investments from Dragonfly Capital, ParaFi Capital, and Aave founder Stani Kulechov. These backers recognize Gelato’s ability to scale smart contract automation across multiple blockchains, marking it as a critical piece in the Web3 ecosystem.
🔮 What’s Next for Gelato?
With new funding and the addition of Kraken’s Ink as a customer, Gelato is set to expand its platform to support more blockchain ecosystems, including Binance Smart Chain, Arbitrum, Optimism, and Avalanche. This roadmap solidifies Gelato’s commitment to making blockchain accessible and scalable, paving the way for a future where every business can operate on-chain.
🎉 Closing Thoughts
Gelato’s $11M Series A+ funding is more than just a boost in capital; it’s an affirmation of the project’s vision and potential to transform DeFi and blockchain adoption. By providing scalable automation tools for both Web3 and Web2 companies, forging partnerships like Kraken’s Ink, and integrating with major platforms, Gelato is on track to play a pivotal role in the future of blockchain technology.

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Content Source: Gelato Network

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