The Rounds Secured $24M in Series B Funding

The Rounds, an inventory management platform focused on recurring grocery deliveries, has secured $24 million in Series B funding in a round led by Moderne Ventures with support from FJ Labs.

The Rounds plans to use the funding to scale their AI-powered service. The company’s business model revolves around sourcing products directly from producers in bulk, refilling them in reusable packaging, and delivering them weekly through its bespoke two-way last-mile logistics network.

The company’s AI models predict the everyday items you may need refilled in your home. Recently, the company introduced AI-enabled features that allow members to customise their ‘Refill Day’ and manage product refills either on a one-time or recurring basis with the ‘Psychic Home Manager’ feature.

The Rounds has also broadened its product range with over a hundred new stock-keeping units, including fresh produce and local goods

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