Blockchain Startup Gem Closes $7.1 Million Series ABlockchain API provider Gem has closed a $7.1m Series A funding round, the company has announced.
The round was led by Pelion Venture Partners, with KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures, Tamarisk Global, Drummond Road Capital, Tekton Ventures, Amplify.LA, Danmar Capital and angel investor James Joaquin participating.
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The investment brings the total for the Californian startup to $10.4m, with previous rounds raising $3.3m over the last two years.
As part of the deal, Ben Dahl, partner at Pelion Venture Partners, will now sit on Gem's board of directors.
http://www.coindesk.com/gem-secures-7-1m-in-series-a-funding/
