202116 Aug

Raises $240 Million in Funding Led by Insight Partners

Summary

Through its hyper-local network of worldwide production partners and software, Gelato solves the challenge of producing and distributing customized products (such as wall art, clothing, books, and home decor) to a global customer base for both ecommerce entrepreneurs like Andy Okay and Your Film Poster, and global companies like Canva. Gelato also removes the sellers’ need to manage inventory, manufacturing or shipping - allowing more time to focus on creation, sales and marketing. With Gelato’s software, an entrepreneur in, for example, Africa, with a great idea and little to no capital, can in minutes be able to produce, ship and get paid for their product sold in, for example, Germany, with no upfront investment in inventory, manufacturing or logistics - and achieve similar profit margins as competitors 100 times their size. The company has offices in Barcelona, Boston, London, Madrid, Moscow, Mumbai, Santiago, São Paulo, Shanghai, Stockholm, Tallinn, and Tokyo. Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries.

Source: Gelato

Funding

$239.98M
Amount
Aug 16 2021
Date
-
Investor
Gelato Group
Company

Classifications

Companies