January 26, 2017 | Israeli group video chat platform Rounds has been bought by Canadian chat platform Kik. Founded in 2008 by CEO Dany Fishel and COO Ilan Leibovich, Rounds has raised $24 million to date from Sequoia, Samsung Ventures, Rhodium, Verizon, DFJ’s Tim Draper and other investors. No financial details about the acquisition were disclosed but sources in Israel believe Kik will be paying about $60-80 million.
