Kik acquires Rounds Entertainment

Kik Interactive has acquired Rounds Entertainment LTD., a Tel Aviv, Israel based developer of video chat platform. Financial terms were not disclosed. Kik has reportedly paid between US $60 to 80 million (all figures in US dollar).

Founded in 2008 by CEO Dany Fishel and COO Ilan Leibovich, Rounds has raised $24 million from investors including Sequoia, Samsung Ventures, Rhodium, Verizon, and private investors.

Kik has raised over $120 million from backers including Tencent, Valiant Capital Partners, Millennium Technology Value Partners, SV Angel, Foundation Capital, RRE Ventures, Spark Capital, and Union Square Ventures.

photo credit: Rounds

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.