Pelion Backs Blockchain Technology Provider, Gem

Salt Lake City-based venture investor Pelion Venture Partners is the lead investor in a developer of blockchain security technology, Gem. Gem announced it has raised $7.1M in a Series A funding, which was led by Pelion Venture Partners, by partner Ben Dahl. Dahl joins the company's board with the funding. Other investors in the round included KEC Ventures, Blockchain Capital, Digital Currency Group, and RRE Ventures. Gem is based in Los Angeles, California. More information »