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Announced

Completed

Blockdaemon completed the acquisition of Gem.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Payments / Commerce

Domestic

cryptocurrency

Single Bidder

Acquisition

Majority

Private

Completed

United States

Friendly

Synopsis

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Blockdaemon, a blockchain infrastructure company, completed the acquisition of Gem, a cryptocurrency API company. Financial terms were not disclosed. “With our acquisition of Gem, Blockdaemon is welcoming to our fold the brilliant Micah Winkelspecht, Gem CEO and long-time cryptocurrency entrepreneur, along with an extremely talented team of engineers and product people. As a result, Blockdaemon will immediately generate transaction-based revenue, a key strategic business model for us going forward,” Konstantin Richter, Blockdaemon CEO and Founder.

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