Rounds Secures $41.5M in

Rounds, the live communication platform, has secured $41.5 million in new funding from investors. The company, which was later acquired by Kik, offered instant group video chat on mobile, making it easier, faster, and more engaging for friends and family to connect.

The platform allowed users to send text messages, participate in video chats with up to 12 participants, and engage in shared activities such as watching videos, playing games, and sharing photos, all while communicating live. Rounds operated seamlessly across various networks, operating systems, and devices, building a substantial user base of over 30 million worldwide.

This latest capital infusion underscores continued investor confidence in Rounds' vision and its technology. Prior to this round, Rounds had already raised a total of $24 million in funding from prominent industry investors, including Sequoia Capital, Samsung Ventures, Verizon Ventures, DFJ’s Tim Draper, and Rhodium. The new $41.5 million investment significantly bolsters the company's financial position.

Rounds plans to strategically deploy the newly acquired capital to accelerate its growth initiatives. This includes expanding its platform capabilities, enhancing its technology infrastructure, and further growing its global user base. The funding is expected to support the company's efforts to innovate within the live communication space and solidify its market presence.

The company remains focused on its mission to provide intuitive and feature-rich tools for real-time social interaction. This investment positions Rounds for continued development and expansion as it aims to deliver even more dynamic and connected experiences for its users.