Rounds, a NYC-based live communication platform, raised $12m in Series B funding.
The round was led by Sequoia Capital with participation from Samsung Ventures, Verizon Ventures, Rhodium and DFJ’s Tim Draper.
The company intends to use the funds to expand operations with new hires across various departments (read here), as well as to build out the platform further by bringing entertainment into the conversation.
Led by Dany Fishel, CEO and Co-founder, Rounds provides a live communication platform that allows users to connect to friends and family through instant group video chats on mobile. They can play games, watch videos, share photos while video chatting together. To date, Rounds has 25 million users worldwide. The app can be downloaded on the App Store or on Google Play.