Announced an additional $1 million 300 thousand in capital California bitcoin developer API Gem the day before, which makes the company's total financing reached $3 million 300 thousand.
It is reported that the current round of financing is led by KEC Ventures, and other investors including First Round Capital, RRE Ventures (participated in the 21 Inc and Abra investment), Robert Wolfson, an early investor of Facebook, etc.
In last September's last round of financing, Gem got the investment of Mesa Ventures, Idealab, James Joaquin, Brock Pierce, and Crypto Currency Partners.
According to a spokesman for Gem, the new financing will be used to develop new functions and services for Gem.
Ken Miller, Gem's chief operating officer, he said in an interview: "some competitors do part of the work we have done, but for everybody [...], can provide such bitcoin function in a few minutes, at this point is unknown."
At present, Gem company is facing more and more competitors in California, including BlockCypher and Chain supported by Boost VC. Up to now, the two companies have reached a total of 13 million 700 thousand US dollars.
In addition, as early as September, Coinbase launched a free API toolkit for bitcoin application developers.
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