Sustainable delivery startup The Rounds raises $24M to expand to new markets

The Rounds, a startup that delivers recurring grocery and household items in reusable packaging, raised $24M in a Series B round led by Moderne Ventures, bringing its total amount raised to $66M. Alongside the funding announcement, the company introduced new features for customers including the ability to make one-time purchases (instead of just subscriptions) and the flexibility of choosing their delivery day. It also enhanced its AI algorithm to provide better predictions on when customers would need their products restocked. The Rounds delivers packages in reusable bags and refillable containers and uses what it calls a “reverse logistics” system where customers leave their empty containers on their doorstep for delivery workers to return, sanitize, and recirculate. The Rounds is currently available in Atlanta and Philadelphia with plans to expand to a couple more markets soon.