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The Rounds Completes $1 Million Seed Capital Fundraising Effort With Funding From Innovacorp

April 22, 2014

The Rounds Completes Seed Round To Help Physicians Connect & Collaborate
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HALIFAX, April 22, 2014 /CNW/ – The Rounds, a leader in
physician-to-physician collaboration, today announced it has completed
a $1 million seed capital fundraising effort. The fundraising effort
closed today with a $250,000 investment from Innovacorp. The financing
will help The Rounds accelerate growth across Canada and drive product
development.

With nearly 1500 physicians on board, The Rounds is Canada’s largest
professional network developed exclusively for physicians. Today,
members of The Rounds come from every province in the country and are
interacting with each other more than 20,000 times each month.

The professional network for Canadian physicians launched earlier this
year as a channel that connects physicians in a safe and secure
platform across the country. The Rounds offers members a user-friendly
channel to collaborate across specialties. With The Rounds, physicians
can use mobile devices as well as their computers to securely share
information concerning patient care and collaborate with other
physicians in a secure HIPAA-compliant space.

Because of the lack of other secure methods, fax and email continue to
be used by many physicians but pose significant communications
challenges. Studies estimate that 80% of serious preventable adverse
patient events happen due to poor communication among healthcare
providers. The Rounds tackles this issue by providing physicians with
tools to engage quickly and effectively – within a network where
doctors can expand connections across specialties.

“The Rounds’ goal is to empower physicians to collaborate effectively
while using social media and technology to connect and collaborate like
never before,” says Blair Ryan, CEO of The Rounds. “This investment
gives us additional resources to grow quickly and strategically,
innovate effectively, and deliver on our vision to improve healthcare
for all Canadians.”

“As demonstrated by their recent growth and physician adoption, The
Rounds clearly understands the market and is delivering a product that
benefits all Canadians,” says Dawn Umlah, Investment Manager of
Innovacorp. “This investment will help The Rounds connect with more
Canadian physicians and accelerate their growth as it relates to
product innovation and user acquisition.”

SOURCE The Rounds


Source: PR Newswire



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