Video Chat App Rounds Raises $12M In New Funding Led By Sequoia
Rounds, a video chat agency based in Tel Aviv, Israel, is saying that it has raised $12 million in Assortment B funding.
The company was based mostly once more in 2008 beneath the determine Gixoo, launching a video platform known as 6rounds a yr later. Rounds says it now has 25 million registered clients, and CEO Dany Fishel suggested me that the “overwhelming majority” of them joined before now few months.
Fishel said that progress hasn’t come from heavy promoting efforts (“We haven’t spent a dime on selling”), nevertheless pretty a “100 laptop shift to mobile.” The company supplies apps on iOS and Android, and it says it has been featured in each the Apple App Retailer or Google Play higher than 100 events thus far few months.
Notably, Fishel highlighted the most recent Android mannequin as being the “slimmest” video chat app spherical, at eight.eight megabytes. He moreover argued that Rounds stands out from the varied chat apps which have taken off these days because of its give consideration to creating a reside, shared experience amongst numerous buddies (the app helps as a lot as 12 people turning into a member of a single session), considerably than an asynchronous chat that takes place over an prolonged time interval.
“The sharing experience, doing stuff collectively, that’s the basic communication facet that connects people,” he said. “That’s the solely perform of our DNA.”
Fishel added that higher than 30 % of Rounds durations might probably be thought-about “vital,” i.e., longer than three minutes. The company moreover says that ninety 4 % of those calls include some extent of interactivity previous video chatting, whether or not or not it’s having fun with video video games or using video outcomes. (Fishel knowledgeable me one widespread use is to watch YouTube films collectively.)
The model new spherical was led by Sequoia Capital (which, as Fishel recognized, was the one investor in Fb-acquired WhatsApp), with participation from Samsung Ventures and former backers along with Verizon Ventures, Rhodium, and Draper Fisher Jurvetson’s Tim Draper.
This brings Rounds full funding to $22 million. Fishel said this could help the company spend cash on continued product enchancment, evaluation, and enterprise enchancment, along with continued progress internationally. (The employees stays largely based in Tel Aviv.) On the product facet, his goals embrace making the chat experience even simpler to start out out, whereas together with additional content material materials and prospects for interaction.