Valuation
$1.2B
2024 Revenue
$31M
Customers
400
Funding
$148M
Avg ACV
$77.5K
Team
492
Founded
2017
How Gem CEO Steven Bartel grew Gem to $31M revenue and 400 customers in 2024.
Gem is a platform that helps businesses manage their employee benefits. They offer a wide range of benefits options and provide tools for employees to easily access and utilize their benefits. Gem aims to simplify the benefits administration process and improve employee satisfaction.
Last updated
Gem Revenue
In 2024, Gem's revenue reached $31M. The company previously reported $9M in 2021. Since its launch in 2017, Gem has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Gem Hit $31m revenue in June 2024 |
| 2021 | Gem Hit $9m revenue in January 2021 |
| 2017 | Launched with $0 revenue |
Gem Valuation, Funding Rounds
Gem reached a $1.2B valuation in 2021, set during its Series C round.
Gem has raised $148M in total funding across 4 rounds, most recently a $100M Series C round in 2021.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2021 | Series C | $100M | $1.1B | 9% |
| 2020 | Series B | $37M | - | - |
| 2019 | Series A | $9M | - | - |
| 2017 | Seed Round | $2M | - | - |
Gem Employees & Team Size
Gem employs approximately 492 people as of 2026, up from 398 in 2024.
Gem has 492 total employees in different roles and functions and 64 sales reps that carry a quota. They have 400 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2025 | Reached 492 employees (November 2025) |
| 2024 | Reached 398 employees (December 2024) |
| 2024 | Reached 341 employees (October 2024) |
| 2023 | Reached 341 employees (September 2023) |
| 2023 | Reached 334 employees (January 2023) |
| 2022 | Reached 389 employees (January 2022) |
| 2021 | Reached 199 employees (August 2021) |
| 2021 | Reached 92 employees (January 2021) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Gem acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Gem
What is Gem's revenue?
Gem generates $31M in revenue.
Who founded Gem?
Gem was founded by Steven Bartel.
Who is the CEO of Gem?
The CEO of Gem is Steven Bartel.
How much funding does Gem have?
Gem raised $148M.
How many employees does Gem have?
Gem has 492 employees.
Where is Gem headquarters?
Gem is headquartered in San Francisco, California, United States.
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Compare Gem to the industry
Gem operates across multiple industries. Browse revenue, funding, and growth data for Gem in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .