- To date, the Rounds has raised a total of C$7.8 million in funding
- The proceeds of the Series A round will be used to accelerate the company’s flagship product development
- The proceeds will also support strategic hires
The Rounds, a Halifax-based collaboration network for physicians and healthcare professionals, has secured C$5.1 million in Series A financing backed by Panoramic Ventures. The company has to date raised C$7.8 million in total funding.
The proceeds of the Series A round will be used to accelerate the development of the company’s flagship product – therounds.com – a free gated network for licensed healthcare professionals across North America. As part of the investment, several strategic hires will be made to bolster The Rounds’ marketing, sales, and engineering teams.
“We are thrilled to be partnering with The Rounds as they lead the charge in fostering collaboration and accelerating knowledge sharing in medicine,” said Panoramic Ventures Principal Austin Poole, in a statement. “We believe the combination of intimate and focused communities of practice and the broader scale of the platform’s membership creates a winning recipe going forward.”
Since its founding in 2012, The Rounds has positioned itself as the Canadian market leader in healthcare collaboration by forging industry relationships with national governing bodies, including the Pharmaceutical Advertising Advisory Board and Innovative Medicines Canada. Through stringent verification and authentication processes, it and its sister pharmacy network QID have established the largest database of active verified healthcare professionals in Canada.
Panoramic Ventures is a venture capital firm based in Atlanta, Georgia, that takes a “wider-view” approach to investing by targeting the Southeast and Midwest and placing a focus on diverse founders and university startups.