# The Rounds

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-rounds-2

- Industry: Retail
- Headquarters: Brooklyn, US
- Website: www.therounds.co
- Total disclosed funding: $66M
- Latest round: Series B (Aug 20, 2024)
- Investors on record: 6

## About

Established in 2019 and based in New York, US, The Rounds operates as an eco-friendly e-commerce company for grocery shopping. In August 2024, The Rounds raised USD 24 million in series B funding led by new investor Moderne Ventures, with participation from another new investor FJ Labs. Returning investors Construct Capital, First Round Capital and Redpoint Ventures also participated in the round. The firm, as of October 2022, operates in 4 markets namely Philadelphia, Washington D.C., Miami, and Atlanta, and is led by its co-founders Alex Torrey (CEO) and Byungwoo Ko (COO).

The company offers zero-waste refill and door-to-door delivery service for everyday essential products such as groceries, standby pantry products, baby products, cleaning supplies, pet supplies, personal care products, etc. The company offers a weekly delivery of products refilled locally at the company’s nearest refilling centers, in refillable packaging, along with a pick-up service of empty containers and bags for cleaning and reuse. Milkman Technologies through its subscription-based marketplace solution offers a selection of over 120 products, free weekly at-door delivery, and refillable packaging with container pick-up.

The firm generates its revenue by offering its marketplace solution at a monthly subscription fee of USD 10 plus the costs of items ordered by its customers each week.

The company will use the funding to support the expansion and hiring of additional workforce.

## Funding rounds

- Series B, Aug 20, 2024, $24M — Redpoint Ventures, First Round Capital, FJ Labs, Moderne Ventures, Construct Capital
- Series A, Oct 6, 2022, $38M — Redpoint Ventures, First Round Capital, Andreessen Horowitz, Construct Capital
- Seed, Jan 1, 2022, $4M — First Round Capital, Construct Capital

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A, Series B
- Construct Capital (https://capitalatlas.ai/funds/construct-capital) — Seed, Series A, Series B
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Series B