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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
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.
Gem reached a $1.2B valuation in 2025.
Gem has raised $148M in total funding across 4 rounds, most recently a $100M Series C round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | - | - | $1.2B | - | |
| 2021 | Series C | $100M | $1.1B | 9% | |
| 2020 | Series B | $37M | - | - |
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Gem serves 400 customers.
Gem employs approximately 492 people as of 2026, up from 398 in 2024, including 64 sales reps that carry a quota. It serves 400 customers that rely on its solutions.
Gem generates an estimated $31M in annual revenue.
Gem was founded by Steven Bartel.
The CEO of Gem is Steven Bartel.
Gem raised $148M across 4 rounds.
Gem has 492 employees.
Gem is headquartered in San Francisco, California, United States.
Gem operates across multiple industries. Browse revenue, funding, and growth data for Gem in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$1.2B
2024 Revenue
$31M(Est.)
Customers
400
Funding
$148M
Avg ACV
$77.5K
Team · 2025
492
Founded
2017
| Year | Milestone | Source |
|---|---|---|
| 2024 | Gem Hit $31m revenue in June 2024 | Estimated |
| 2021 | Gem Hit $9m revenue in January 2021 | |
| 2017 | Launched with $0 revenue |
| 2019 | Series A | $9M | - | - |
| 2017 | Seed Round | $2M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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