Rounds
Social Hangout Platform
Company Overview
Snapshot
Founded in April 2008 by Ilan Leibovich and Dany Fishel, Rounds operated with 51–200 employees. The company raised a total of $22 million across 6 funding rounds from 9 investors. Rounds was acquired by Kin Ecosystem in January 2017.
Business overview
Rounds provided a social hangout network that integrated online entertainment with video communication, aiming to connect individuals through shared experiences. Its platform facilitated live interactions across various social networks, operating systems, and devices. By incorporating activities, games, and videos, Rounds sought to replicate real-life social hanging out, while also creating a new social network around live session moments. The company operated within the Media & Entertainment Technologies sector, focusing on digital content engagement and entertainment for consumers.
Strategic signal
In January 2017, Rounds was acquired by Kik, signaling a strategic move for Kik to integrate group video chat capabilities and expand its operational footprint with new offices in Toronto and Tel Aviv. This acquisition highlights the increasing value placed on interactive communication features within social platforms and suggests a consolidation trend in the mobile messaging and video chat market.
Log in to access full profile ›Company Intelligence Q&A
- When was Rounds acquired?
- Rounds was acquired by Kin Ecosystem in January 2017.
- Which investors participated in the January 2015 funding round?
- In January 2015, Rounds received funding from Samsung Ventures and Verizon Ventures Israel.
- Which investors participated in the November 2011 funding round?
- In November 2011, Rounds received funding from Verizon Ventures and Daniel Recanati.