Gem Gets $2M For Bitcoin API

Venice, California-based Bitcoin startup Gem has raised $2M, to make Bitcoin easier to use for developers, the company said this week. According to Gem, the seed funding came was led by First Round Capital and Tekton Ventures and also included RRE Ventures, MESA+, Amplify.LA, Birchmere Labs, Idealab, ECEG, Partners, Baroda Ventures, Wavemaker Labs, Bitcoin Shop, Inc., Crypto Currency Partners, QED Associates, and Angel investor James Joaquin. Gem is led by Micah Winkelspecht. The funding was co-led by First Round's Howard Morgan and Jai Choi, of Tekton Ventures. Gem has develops an API which helps developers build in Bitcoin support and security into their apps. The company was previously known as BitVault. More information »