Share with:
Blockchain API provider Gem kickstarted 2016 with a $7.1m Series A announced this week.
Gem, a leading blockchain platform provider, announced the funding was led by Pelion Venture Partners and participated in by KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and more.
“We believe blockchain technology will transform how people and companies interact,” says Micah Winkelspecht, CEO and founder of Gem. “It will underpin entire industries and one day produce a blockchain economy that will form the underlying architecture of our daily lives.”
According to a recent report by technology-focused boutique investment bank Magister Advisors, the blockchain and bitcoin ecosystem received nearly $1 billion in funding since 2013, and that number is expected to increase by another $1 billion in 2017. Gem is the first blockchain company in 2016 to announce a formal round of funding. Gem’s investors are attracted to its fully customizable platform that refines blockchain technology into a data management application that can be applied cross-industry.
Ben Dahl, a partner at Pelion Venture Partners who led the funding round and has also joined Gem’s Board of Directors said:
“We have been monitoring the blockchain industry looking for a company that could bridge the divide between enabling developers and their projects, while also advancing blockchain use cases in larger enterprises. After spending time with Gem team and their customers, we became convinced they have the foresight, traction and leadership necessary to connect the enterprise with the efficiencies and benefits of blockchains.”
“It was obvious to us immediately the Pelion team shared our vision for the future of blockchains and what would be required to get there,” said Gem Founder and CEO, Micah Winkelspecht. “We’re excited to have Ben and Pelion join the team and help us do something special.”
Gem was founded by Blockchain thought leader, open-source contributor, and community organizer Micah Winkelspecht and launched at TechCrunch Disrupt SF’s Startup Battlefield in 2014. After launching a multisignature API for developers, the company is now working to promote the integration of blockchain technology in finance, healthcare, and other data-reliant industries.
Jeff Parkinson, partner of KEC Ventures said:
“I’m really excited about blockchain ledger systems, and Gem is a great example of a company that’s fully leveraging the potential of that technology to transform the services industry.”
Scott Kriz, CEO of Bitium has also been appointed to Gem’s Board of Directors. Gem has raised $10.4 million in total funding and is based in Venice, CA.
For more information, please visit: https://gem.co
- NEM Foundation’s Founder Lon Wong Becomes SportsFix Chief Technology Advisor - October 10, 2018
- Medici Ventures Backs Wine Blockchain Project VinX - October 4, 2018
- Lithuanian Members of European Parliament Say Blockchain is Here to Stay – Hands Off Regulation! - October 4, 2018
- New Open Source Blockchain Project To Challenge Experian And Equifax - October 2, 2018
- IOHK Launches Cardano Rust Project - October 2, 2018
- Hyperledger and Enterprise Ethereum Alliance Cut Deal to Advance the Global Blockchain Business Ecosystem - October 2, 2018
- Binance Labs Supports Decentralized Global Content Ecosystem Contentos - October 2, 2018
- Nexus Partners with Jeff Garzik’s SpaceChain – Planning Spacenet - September 27, 2018
- Ripple Unveils Ripple for Good, Plans $100 Million Philanthropy Fund - September 27, 2018
- Electroneum Roars into Top 50 cryptocurrencies - September 27, 2018
- Zcoin Implements Dandelion – Better Privacy on the Blockchain - September 26, 2018
- Leading Global Wealth Management Firm, The Geneva Management Group (GMG) Announces Launch Of New Cryptocurrency Advice Desk - September 25, 2018
- BlockSafe Technologies Rolling out SEC Compliant Security Token Offering - September 25, 2018
- Global Banks Testing Blockchain to Speed up Transactions – 75 join Interbank Information Network (IIN) - September 25, 2018
- ProximaX Sponsors SportsFix Digital StadiumTM for BWF Victor Korea Open - September 25, 2018
- China’s Crypto Mining Behemoth Backs Houston Rockets for the 2018-2019 season - September 20, 2018
- Humanitarian Blockchain Project Humaniq Doubles Number of Nations Where it Brings Better Options for Unbanked - September 20, 2018
- MovieCoin Rolls Out ICO for Security and Utility Tokens - September 17, 2018
- WEF Report: 65+ Ways Blockchain Technology Can Tackle Environmental Challenges - September 17, 2018
- France Goes Bullish on ICOs – Opens Doors to Tokenomics - September 17, 2018
Facebook Comments