The Rounds Raises $5.1M in Series A Funding

The Rounds, a Halifax, NS, Canada-based healthcare tech startup, raised $5.1M in Series A funding.

The round was led by Panoramic Ventures.

The company, which has raised a total of $7.8 million CAD in funding since 2012, intends to use the funds to accelerate the development of its network and to make several strategic hires to bolster its marketing, sales, and engineering teams.

Led by CEO Tim Rice, The Rounds operates, a free gated network for licensed healthcare professionals across North America. Physicians and healthcare professionals join The Rounds to collaborate and discuss various medical topics in specialized groups known as “Communities.” As a third-party intermediary, multinational pharmaceutical companies and medical associations leverage the network to deliver digital campaigns and scientific content to its premium audience of verified healthcare professionals.

Since its founding in 2012, the company has forged industry relationships with national governing bodies, including the Pharmaceutical Advertising Advisory Board (PAAB) and Innovative Medicines Canada (IMC). Through stringent verification and authentication processes, The Rounds and its sister pharmacy network QID have established the largest database of active verified healthcare professionals in Canada.