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Samsung Ventures also invested, as did existing
capital partners such as Verizon Ventures and Rhodium. This
brings Rounds' total fundraising to $22 million.
The funds will be used to support the company's expansion,
particularly in the United States, to hire new staff and further
develop the technology.
"We've been active in the mobile messaging space," said Shmil
Levy, a partner at Sequoia Capital Israel. "We believe the next
generation is about instant video chatting and interactivity."
Rounds' mobile app has 25 million users who can play games,
watch videos and share photos while video chatting together.
Rounds Chief Executive Dany Fishel said the company was not
seeking to generate revenue at this point.
"The focus for 2015 is on an expansion of the platform and
increasing usage, and revenue will follow," he said.
(Reporting by Tova Cohen; Editing by Steven Scheer)
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