Valuation
$1.2B
2024 Revenue
$31M(Est.)
Customers
400
Funding
$148M
Avg ACV
$77.5K
Team · 2025
492
Founded
2017
How Gem CEO Steven Bartel grew 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 | Source |
|---|---|---|
| 2024 | Gem Hit $31m revenue in June 2024 | Estimated |
| 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 | Source |
|---|---|---|---|---|---|
| 2021 | Series C | $100M | $1.1B | 9% | |
| 2020 | Series B | $37M | - | - | |
| 2019 | Series A | $9M | - | - | |
| 2017 | Seed Round | $2M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
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) | |
| 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) |
Frequently Asked Questions about Gem
What is Gem's revenue?
Gem generates an estimated $31M in annual 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 across 4 rounds.
How many employees does Gem have?
Gem has 492 employees.
Where is Gem headquarters?
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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