We live in a time in which technology is exponentially growing and beginning to play a role in our economy. Cryptocurrency is becoming more and more popular yet some are skeptical about the overall security of money you can’t physically see or hold. I had the opportunity to learn more from the CEO of Gem, Micah Winkelspecht, who discusses how he introduced Gem to Bitcoin developers “enabling them to create wallets based on multisignatures.” They hope to grow the idea of cryptocurrency by developing tools useful to the community and introducing an “unparalleled security model.”

Gem, a blockchain platform service provider, has closed $7.1 million in series A funding which it says it will use to promote its technology across a number of industries. The funding round was led by Pelion Venture Partners, with participation from KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and more.

Gem, a Venice, California-based blockchain platform provider, announced today that it had completed its Series A funding, raising $7.1 million led by Pelion Venture Partners. KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures, and other investors rounded out the fundraising round.

Blockchain API provider Gem has closed a $7.1m Series A funding round, the company has announced.

Blockchain platform Gem has closed $7.1m (£4.8m, €6.58m) in Series A funding, led by Pelion Venture Partners and participated in by KEC Ventures, Blockchain Capital, Digital Currency Group, and RRE Ventures.