Valuation · 2021
$1.2B
2024 Revenue
$31M(Est.)
Customers
400
Funding
$148M
Avg ACV
$77.5K
Team · 2025
492
Founded
2017
Gem Revenue, Valuation & Funding (2024)
Gem generated an estimated $31M in annual revenue in 2024. Source: GetLatka estimate
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Gem Hit $31m revenue in June 2024 | Estimated |
| 2021 | Gem Hit $9m revenue in January 2021 | Not recorded |
| 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 | Source |
|---|---|---|---|---|---|
| 2021 | Series C | $100M | $1.1B | 9% | Not recorded |
| 2020 | Series B | $37M | - | - | Not recorded |
| 2019 | Series A | $9M | - | - | Not recorded |
| 2017 | Seed | $2M | - | - | Not recorded |
Founder / CEO
Customers
Gem serves 400 customers.
Gem Employees & Team Size
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.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 492 employees (November 2025) | Not recorded |
| 2024 | Reached 398 employees (December 2024) | Not recorded |
| 2024 | Reached 341 employees (October 2024) | Not recorded |
| 2023 | Reached 341 employees (September 2023) | Not recorded |
| 2023 | Reached 334 employees (January 2023) | Not recorded |
| 2022 | Reached 389 employees (January 2022) | Not recorded |
| 2021 | Reached 199 employees (August 2021) | Not recorded |
| 2021 | Reached 92 employees (January 2021) | Not recorded |
Frequently Asked Questions about Gem
What is Gem's revenue?
As of 2024, Gem generated an estimated $31M in annual revenue.
What is Gem's valuation?
As of 2021, Gem was valued at $1.2B.
Who founded Gem?
Gem was founded by Steven Bartel.
When was Gem founded?
Gem was founded in 2017.
Who is the CEO of Gem?
The CEO of Gem is Steven Bartel.
How much funding does Gem have?
Gem raised $148M across 4 rounds.
How many employees does Gem have?
As of 2025, Gem had 492 employees.
Where is Gem headquartered?
Gem is headquartered in San Francisco, California, United States.
Compare Gem to the industry
Gem operates across multiple industries. Browse revenue, funding, and growth data for Gem in each sector below.
Data and Sources
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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