The Rounds, a Zero-waste Delivery Service, Announces $38M Series A Financing
Gunderson Dettmer represented client The Rounds, a consumer goods delivery service company, in the announcement of its $38 million Series A financing led by investors at Redpoint Ventures and Andreessen Horowitz. The Rounds is an eco-friendly, customizable, delivery and refill service that provides package-free products delivered in reusable bags and containers with zero-waste. The company’s new capital will be used for company expansion and market growth.
In the announcement of the transaction, Co-founder and CEO of The Rounds Alex Torrey said, “With The Rounds, we’ve built a way that you can get [items] without any packaging waste. You can get it delivered with no cardboard, no single-use plastic. We’re building what we believe to be the future of last-mile logistics.”
The Gunderson Dettmer deal team was led by Randall Clark and included Jose Rivera, Chiyel Hayles, Jessica Brodman and Shayna Hochberger.