Bitcoin API Developer Gem Raises $2m in Seed Funding

Bitcoin API developer Gem has announced the completion of a $2m seed funding round led by First Round Capital and Tekton Ventures.
The firm’s first major investment round was also supported by RRW Ventures, Mesa , Amplify. LA, Idealab, Baroda Ventures, Crypto Currency Partners, QED associates, Bitcoin Shop Inc and angel investor James Joaquin.
The Californian startup says the money will help accelerate growth of its new API, which was announced earlier this month at TechCrunch Disrupt San Francisco.
With the investment news, Gem also announced the appointment of former PayPal executive Ken Miller as its new chief operating officer.

This post was published at Coin Desk on September 17, 2014.