The Rounds, a Halifax-based social network for medical professionals, has raised a $5.1 million seed round, bringing the company's total capital raised since its founding in 2012 to $7.8 million.
The money will go towards continued development of the platform, including new hires in sales, marketing and engineering.
Chief Executive Tim Rice said in an interview that the user growth that underpinned the seed round started around 2018 and accelerated during the pandemic. His team also took out a bridge loan from a combination of existing and new investors in early 2020 to help the company