The Rounds raises $38 million in Series A funding

The Rounds is a grocery e-commerce platform with an eco-friendly and sustainable concept. The Rounds uses a “reverse logistics” model to make e-commerce greener and more efficient. The platform offers consumers about 150 products, covering household items, personal care, staple foods, dry goods, and more. Consumers can create a weekly replenishment schedule after registering on the official website. The system will send a text message to the user before delivery, reminding the user to check the purchase order and add or remove items at any time. The Rounds recently announced that it has received $38 million in Series A financing, led by Redpoint Ventures investor Annie Kadavy and Andreessen Horowitz investor Andrew Chen, with seed round investors Construct Capital and First Round Capital following.

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