Rounds

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. In January 2017, Rounds was acquired by Kin Ecosystem.

Business overview

Rounds provided a social hangout network that integrated online entertainment with video communication, enabling friends and like-minded individuals to connect through a live experience across various social networks, operating systems, and devices. The platform aimed to bridge the gap between offline and online interactions by facilitating shared activities, games, and videos, giving users the sensation of real-life hangouts. Additionally, it featured an interactive stream of user-generated content from live sessions, creating a social network around these shared moments.

Strategic signal

In January 2017, Rounds was acquired by Kin Ecosystem. This acquisition highlights the strategic value of Rounds' video chat technology and social engagement platform within the broader digital communication and social networking landscape, signaling a consolidation trend in the sector.

Company Intelligence Q&A

What is Rounds' primary business?

Rounds developed a social hangout network that combined online entertainment with video communication, allowing users to connect through shared activities, games, and videos across multiple platforms.

When was Rounds acquired and by whom?

Rounds was acquired by Kin Ecosystem in January 2017.

Which investors participated in Rounds' January 2015 funding round?

In January 2015, Rounds received investment from Samsung Ventures and Verizon Ventures Israel.

Which investors participated in Rounds' November 2011 funding round?

In November 2011, Rounds received investment from Verizon Ventures and Daniel Recanati.