Gem, a Venice, California-based blockchain platform provider, closed $7.1m in Series A funding.
The round was led by Pelion Venture Partners with participation from KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures, etc.
In conjunction with the funding, Ben Dahl, a partner at Pelion Venture Partners, joined Gem’s Board of Directors along with Scott Kriz, CEO of Bitium.
The company, which has raised $10.4m in total funding, is hiring.
Led by Micah Winkelspecht, CEO and founder, Gem provides a platform that integrates blockchain technology into finance, healthcare, and other data-reliant industries.