# The Rounds

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

- Industry: Internet
- Headquarters: Halifax, Canada
- Website: www.therounds.ca
- Total disclosed funding: $6.1M
- Latest round: Series A (Feb 7, 2023)
- Investors on record: 3

## About

The Rounds is a Canadian-based networking platform established in 2012 that connects healthcare professionals, providing access to educational resources and a secure space for peer collaboration.The Rounds operates as a networking platform designed specifically for healthcare professionals to engage and share clinical knowledge. Founded in Halifax, Canada, in 2012 by Anna Harrington, the company has successfully completed six funding rounds, with the most recent being a Series A round on February 7, 2023, raising CAD 1.6 million from BIP Ventures and Invest Nova Scotia. This total amount raised to date is CAD 1.6 million.The Rounds offers a free networking platform tailored for healthcare professionals, facilitating access to trusted communities, educational resources, and peer collaboration. The primary service is a secure digital space where medical practitioners can engage in discussions, access curated information related to their clinical interests, and participate in continuing medical education (CME) activities. Key features include live webinars, virtual Ask-The-Expert events, and a comprehensive library of on-demand educational materials designed to keep users informed of the latest medical research and practices. The platform aims to address the need for a centralized hub that enables healthcare professionals to exchange clinical knowledge and best practices, particularly in the rapidly evolving medical landscape. The Rounds serves a diverse client base across various specialties, including physicians and healthcare providers, primarily in North America but also expanding globally.Revenue generation for The Rounds primarily stems from partnerships and possibly sponsorships related to its educational offerings and networking services. The platform operates on a subscription model where healthcare professionals can access premium features and CME credits by registering for various programs. Transactions typically occur through direct interactions with healthcare organizations and medical associations that seek to utilize The Rounds for training and professional development. The structure may involve partnerships with institutions that provide educational content or host events, allowing for revenue sharing based on participant registration fees. The Rounds’ services include accredited CME programs, which are critical for professional licensing and ongoing education, underscoring the value of its offerings within the healthcare community.In February 2023, The Rounds raised CAD 1.6 million in Series A funding as part of a larger CAD 6.7 million Series A round. This funding will be utilized to further develop its platform and enhance its service offerings. The company is focused on expanding into new markets, particularly targeting additional regions within North America and extending its reach globally. Upcoming product launches are aimed at improving user experience and expanding educational resources available to healthcare professionals.

## Funding rounds

- Series A, Feb 7, 2023, $1.2M — BIP Ventures, Invest Nova Scotia
- Series A, Sep 13, 2022, $3.9M — BIP Ventures
- Seed, Apr 22, 2014, $1M — Invest Nova Scotia, East Valley Ventures

## Investors

- Invest Nova Scotia — Seed, Series A
- East Valley Ventures (https://capitalatlas.ai/funds/east-valley-ventures) — Seed
- BIP Ventures (https://capitalatlas.ai/funds/bip-ventures) — Series A