02 Apr '15, 6pm

Bitcoin API Startup Gem Raises Funding Total to $3.3 Million

Bitcoin API Startup Gem Raises Funding Total to $3.3 Million

Californian bitcoin API developer Gem has announced an additional $1.3m in funding, raising its total to $3.3m. The round was led by KEC Ventures , with additional contributions from First Round Capital , RRE Ventures – also an investor in 21 Inc and Abra – and early Facebook investor Robert Wolfson , among others. Gem closed its previous round in September last year after receiving funds from Mesa Ventures , Idealab , James Joaquin and Brock Pierce's investment firm, Crypto Currency Partners . A spokesperson for the platform said the newly acquired funds would be used to accelerate feature development and scale Gem's services for developers worldwide. Multi-sig wallet Gem's funding coincides with the launch of its multi-signature wallet API, which is now publicly available following a series of improvements. Approximately 40% of people using Gem's API are from outside the...

Full article: http://www.coindesk.com/bitcoin-gem-raises-1-3m-launches-...

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