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Video Chat App Rounds Raises $12M In New Funding Led By Sequoia

Video Chat App Rounds Raises $12M In New Funding Led By Sequoia

Rounds, a video chat firm primarily based in Tel Aviv, Israel, is saying that it has raised $ 12 million in Series B funding.

The Company was founded again in 2008 below the identify Gixoo, launching a video platform called 6rounds a yr later. Rounds says it now has 25 million registered users, and CEO Dany Fishel told me that the “overwhelming majority” of them joined up to now few months.

Fishel said that increase hasn’t come from heavy advertising and marketing efforts (“We haven’t spent a dime on promoting”), however reasonably a “100% shift to mobile.” The Corporate deals apps on iOS and Android, and it says it has been featured in both the Apple App Retailer or Google Play greater than A Hundred times prior to now few months.

In Particular, Fishel highlighted the newest Android version as being the “slimmest” video chat app around, at 8.8 megabytes. He additionally argued that Rounds stands out from the many chat apps that have taken off just lately because of its focus on making a are living, shared experience amongst more than one pals relatively than an asynchronous chat that takes location over a protracted time period — so, possibly nearer to Skype or FaceTime, however with fortify for big groups (the app helps as much as 12 individuals becoming a member of a single session) and for doing more than speaking, like gazing YouTube movies together.

“The sharing expertise, doing stuff collectively, that’s the elemental verbal exchange component that connects folks,” he mentioned. “This Is the sole objective of our DNA.”

Fishel added that greater than 30 percent of Rounds periods might be considered “meaningful,” i.e., longer than 3 minutes. The Company also says that 94 % of these calls contain some degree of interactivity beyond video chatting, whether it’s playing games or the usage of video results.

The Brand New Round used to be led By Using Sequoia Capital (which, as Fishel brought up, used to be the one investor in Fb-got WhatsApp), with participation from Samsung Ventures and previous backers including Verizon Ventures, Rhodium, and Draper Fisher Jurvetson’s Tim Draper.

This brings Rounds whole funding to $ 22 million. Fishel said this may increasingly assist The Corporate invest in persisted product construction, research, and industry building, as well as persevered increase internationally. (The group is still mostly based in Tel Aviv.) On the product facet, his targets include making the chat experience even more practical to start, whereas including extra content material and potentialities for interaction.

Rounds from Rounds on Vimeo.

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