Gelato Network announced that it has received $1.2 million in a round of funding co-led by new investors, IOSG Ventures and Galaxy Digital Holdings Ltd. (TSX:GLXY) on September 15, 2020. The transaction included participation from new investors, Gnosis Limited, MetaCartel Ventures Decentralised Autonomous Organisation, two venture decentralized autonomous organizations, The LAO I, LLC and individual investor Christoph Jentzsch.