About Gem
Gem is a company based in Los Angeles (United States) founded in 2013 was acquired by Blockdaemon in March 2022.. Gem has raised $10.4 million across 5 funding rounds from investors including Blockdaemon, Wavemaker Partners and Digital Currency Group. The company has 3 employees as of December 31, 2022. Gem operates in a competitive market with competitors including FDCTech, Buttercoin, B2Trader, Reactive Markets and Match-Trade Technologies, among others.
- Headquarter Los Angeles, United States
- Employees 3 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bitvault Inc. Dba Gem
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.4 M (USD)
in 5 rounds
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Latest Funding Round
$7.1 M (USD), Series A
Jan 06, 2016
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Investors
Blockdaemon
& 17 more
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Employee Count
3
as on Dec 31, 2022
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Acquired by
Blockdaemon
(Mar 09, 2022)
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Funding Insights of Gem
Gem has successfully raised a total of $10.4M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $7.1 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $7.1M
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series A - Gem | Valuation | Pelion Venture Partners | |
| Apr, 2015 | Amount | Seed - Gem | Valuation | KEC Ventures | |
| Sep, 2014 | Amount | Seed - Gem | Valuation | First Round Capital , Tekton Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gem
Gem has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Blockdaemon, Wavemaker Partners and Digital Currency Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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US focused early-stage VC firm
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Founded Year | Domain | Location | |
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Seed stage venture capital firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital firm investing in the blockchain sector
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gem
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gem Comparisons
Competitors of Gem
Gem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FDCTech, Buttercoin, B2Trader, Reactive Markets and Match-Trade Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Trade management solutions are provided for forex and cryptocurrency brokers.
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| domain | founded_year | HQ Location |
Delivers white-label bitcoin exchange services for businesses.
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| domain | founded_year | HQ Location |
App-based white label crypto exchange
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| domain | founded_year | HQ Location |
Front-end trading solutions for multiple assets are offered.
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| domain | founded_year | HQ Location |
Develops trading platforms, servers, and CRM for Forex brokers worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gem
Frequently Asked Questions about Gem
When was Gem founded?
Gem was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Gem located?
Gem is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Gem a funded company?
Gem is a funded company, having raised a total of $10.4M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jan 01, 2014.
How many employees does Gem have?
As of Dec 31, 2022, the latest employee count at Gem is 3.
What does Gem do?
Gem was founded in 2013 in Los Angeles, United States, as a platform in the cryptocurrency sector. Balances across multiple exchange accounts and offline wallets are monitored in real time. Data is automatically retrieved from 20 integrated exchanges, covering more than 1500 cryptocurrencies. Storage, receipt, and sending of digital assets are facilitated through the service. Private beta access was initiated in July 2018.
Who are the top competitors of Gem?
Gem's top competitors include FDCTech, Reactive Markets and B2Trader.
Who are Gem's investors?
Gem has 18 investors. Key investors include Blockdaemon, Wavemaker Partners, Digital Currency Group, BTCS, and Pelion Venture Partners.
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