Gem
Founded Year
2013Stage
Acquired | AcquiredTotal Raised
$10.4MAbout Gem
Gem is an all-in-one cryptocurrency platform that helps users manage their digital assets and experience the new economy to the fullest. On March 9th, 2022, Gem was acquired by Blockdaemon. Terms of the transaction were not disclosed.
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Research containing Gem
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CB Insights Intelligence Analysts have mentioned Gem in 1 CB Insights research brief, most recently on Mar 9, 2022.
Expert Collections containing Gem
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Gem is included in 3 Expert Collections, including Blockchain.
Blockchain
5,985 items
Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.
Cybersecurity
4,937 items
Fintech
7,750 items
US-based companies
Latest Gem News
Mar 9, 2022
March 09, 2022 07:00 AM Eastern Standard Time LOS ANGELES--( BUSINESS WIRE )-- Blockdaemon , the leading institutional-grade blockchain infrastructure company for node management and staking, today announced it has acquired Gem , a leading cryptocurrency API company with a fiat-to-crypto on-ramp and a comprehensive trade data aggregation service for tracking crypto investments from a single location. The acquisition follows Blockdaemon’s recent Series C of $207 million with a post-money valuation of $3.25 billion. “With our acquisition of Gem, Blockdaemon is welcoming to our fold the brilliant Micah Winkelspecht, Gem CEO and long-time cryptocurrency entrepreneur, along with an extremely talented team of engineers and product people. As a result, Blockdaemon will immediately generate transaction-based revenue, a key strategic business model for us going forward,” said Konstantin Richter, CEO and founder of Blockdaemon. Blockdaemon will be integrating Gem’s robust, embeddable UI flows and API, which will enable users to seamlessly purchase over 40 cryptocurrencies from 125 countries through the company’s Onramp service. Gem’s latest product Connect will allow users to connect to and transact with more than 2,000 cryptocurrencies across 20+ exchanges and custodians, and see a comprehensive stream of transaction data once integrated into the Blockdaemon platform. As part of the deal, Blockdaemon will take advantage of all of Gem’s flagship products including its Onramp solution, its Connect API, its KYC Passport, and more. “I am absolutely delighted to continue Gem’s journey at Blockdaemon, which has established itself as the leading infrastructure provider powering the crypto economy,” said Micah Winkelspecht, Gem Founder and CEO. “Our united teams and products will be a formidable combination to serve both institutional and retail users of cryptocurrency.” Galaxy Digital Partners LLC is serving as the exclusive financial advisor and Cooley LLP is acting as legal advisor to Blockdaemon. About Blockdaemon Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 50+ cutting edge blockchain networks in the cloud and on bare metal servers globally, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains. We power the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes. For more information, please visit https://blockdaemon.com/ . Contacts
Gem Frequently Asked Questions (FAQ)
When was Gem founded?
Gem was founded in 2013.
Where is Gem's headquarters?
Gem's headquarters is located at 340 S Lemon Ave #9911, Walnut.
What is Gem's latest funding round?
Gem's latest funding round is Acquired.
How much did Gem raise?
Gem raised a total of $10.4M.
Who are the investors of Gem?
Investors of Gem include Blockdaemon, Tekton Ventures, RRE Ventures, Amplify, Blockchain Capital and 20 more.
Who are Gem's competitors?
Competitors of Gem include BitGo and 2 more.
Compare Gem to Competitors
BitPesa develops a digital currency payments platform that accepts bitcoin payments, exchanges the bitcoin for local currencies, and deposits the currencies into bank accounts or mobile money wallets.
Anchorage is a digital asset custodian engineered to provide security and the benefits of asset accessibility, including capturing yield from staking and inflation, voting, auditing proof of existence, and fast transactions.
Cobo is Asia Pacific’s largest digital asset custodian and blockchain technology provider, based in Singapore. Trusted by over 500 institutions and HNWIs to grow and protect their crypto assets, the company focuses on building scalable infrastructure and powering the Web 3.0 revolution around the world. As a strong blockchain and DeFi infrastructure builder, Cobo provides SaaS (Software-as-a-Service) products such as WaaS (Wallet-as-a-Service), DaaS (DeFi-as-a-service), NaaS (NFT-as-a-Service), and Argus (The Smart Contract Based Custody).
Hex Trust is a fully licensed and insured provider of bank-grade custody for digital assets. Through its proprietary platform Hex Safe, we deliver custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporate and private clients. Hex Trust has offices in Hong Kong, Singapore, and Vietnam and is expanding across Europe and the Middle East.
Finoa operates as an institutional-grade digital asset banking provider in the era of tokenization and offers hot storage custody and brokerage services.
Paytm Payments Bank, the payments bank business of Paytm, is building a new business model in the banking industry, focused on bringing financial services to hundreds of millions of unserved or underserved Indians.
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