VC-backed Kik Interactive acquires Israel's VC-backed Rounds
Kik Interactive Inc has bought Rounds Inc, an Israeli provider of instant group video chat on mobile. No financial terms were disclosed. Waterloo-based Kik, the creator of chat platform Kik, said the acquisition will support the platform's expression and group video features. It will also grow the company's global presence and mark the opening of product and engineering centres in Tel Aviv and Toronto. Led by Founder and CEO Ted Livingston, Kik has secured more than US$120 million from venture capital investors, according to Crunchbase. Rounds raised US$24 million from Sequoia Capital, Samsung Ventures, Rhodium, Verizon Ventures, DFJ and others.
26 January 2017•3 mins read
