• Social Video Facebook App Rounds Raises $3M From Verizon, Tim Draper

    Wednesday, November 2nd, 2011

    Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

    rounds
    rounds

    Rounds, a social video and gaming application, has raised $3 million in new funding led by Verizon Investments with Rhodium and DFJ’s Tim Draper participating. This brings the company’s total funding to $5.5 million.

    Rounds offers online experiences that mimic real-life personal encounters. Users can play with fun webcam effects, collaboratively watch YouTube videos, play multi-user interactive games, draw on whiteboards, send virtual gifts to one another, write texts and browse websites together, all in a single environment. The free service already boasts more than three million users from around the world and more than 650,000 daily Rounds sessions.

    The Rounds platform currently offers over 20 different games and activities. The company also debuted an API (launched in May 2010) that enables third-party developers to create additional games and experiences.

    The new funding will be used to extend its web-based ”communitainment” platform beyond its popular Facebook application to other consumer social networks as well as mobile devices. The investment will also be used to develop more premium games and activities.


    Company: Rounds
    Website: rounds.com
    Launch Date: April 2008
    Funding: $5M

    Rounds - Fun. Together. Now. Rounds is a cross platform environment for hanging out live and doing stuff together with friends and new people of interest. Rounds’ members are able to video chat in real time while engaging in various fun social activities and real-time games. The platform is available on www.rounds.com and through the Facebook application, Video Chat Rounds (http://apps.facebook.com/chatrounds). Rounds’ approach differs from other online chat options because of its focus on genuinely replicating a real life conversation....

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