Ray Xiao, the Managing Director of IOSG Ventures, announced on X platform that they have recently completed the lead investment in Gelato Network's A+ round of financing, but did not disclose the specific amount of financing. According to RootData, <a href="https://www.rootdata.com/zh/Projects/detail/Gelato%20Network?k=Mzk1" target="_blank">Gelato Network</a> is a Web3 automation and relay network that enables developers to automatically execute various arbitrary smart contracts on all EVM-compatible blockchains (such as Ethereum). Gelato Network previously completed a $11 million A round of financing on September 30, 2021, with a valuation of $125 million.