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The Rounds Raises $24M Series B to Accelerate Sustainable, AI-Driven Last-Mile Delivery

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NEW YORK, Aug. 21, 2024 /PRNewswire/ — The Rounds, an inventory management platform that delivers recurring grocery and household essentials in reusable packaging, today announced a $24 million Series B funding round led by Moderne Ventures, with participation from FJ Labs and existing investors, bringing its total funding to date to $66 million. The company will use the investment to scale its AI-powered service, strategically focusing on profitable growth in existing markets, expanding its team across machine learning, data science, and executive leadership, and launching new markets. The funding comes at a time of rapid progress towards market profitability. Since its Series A, The Rounds has posted 6X revenue growth, opened a state-of-the-art facility in Washington D.C., launched cold chain operations, and extended its closed-loop supply chain with local vendors.

“Sustainability has been at our core since day one. According to the EPA, more than 82 million tons of packaging waste is discarded every year and less than 10% is recycled. Waste is just bad design. The Rounds creates a better experience for our members that wastes less than the alternatives. To date, we’ve saved over 1 million pounds of packaging waste, proving sustainability does not have to come at the expense of convenience,” said Alex Torrey, Co-Founder and CEO of The Rounds. The company sources products locally, directly from producers, and in bulk, then refills in reusable packaging and delivers on a weekly schedule to members via its proprietary two-way last-mile logistics network. “By applying machine learning to provide smarter prediction on when everyday items in your home need to be refilled and sharing personalized product recommendations, The Rounds offers a better solution for managing your recurring essentials and we’re breaking the mold of quick commerce with a sustainable path to profitable long-term growth.”

The Rounds recently launched new AI-enabled features giving its members greater flexibility to choose their own “Refill Day” and add products one time or have products managed on a recurring basis using the company’s “Psychic Home Manager” feature. The company also expanded its product selection with over a hundred new SKUs—including fresh produce, local goods, and household staples—and now provides more transparency around its sustainability benefits, with detailed information on product sourcing and a redesigned sustainability page. “We aim to make The Rounds the #1 go-to platform for all your essentials. Our goal is to continue to enhance member satisfaction with a service that provides smarter recommendations, is tailored to your schedule, and allows you to easily see the positive environmental impact of your purchasing decisions that reduce your waste at home and support local businesses in your community,” said Torrey.

As the company scales, it looks to strategically partner with multifamily property managers, which is why it opted to work with Moderne Ventures. “The Rounds is addressing a huge pain point for city dwellers by enabling them to restock household essentials and get trusted local brands delivered with unparalleled convenience and less waste,” said Liza Benson, Partner at Moderne Ventures. “Our strategy at Moderne is rooted in connecting our portfolio companies with top real estate companies to create outsized returns. We are excited to work with The Rounds and multifamily partners to bring this valuable amenity to many more residents.”

The company has also expanded its Board of Directors to include Gad Allon, a professor of Operations, Information, and Decisions at Wharton School of Business, who also serves as the Director of the University of Pennsylvania’s Management & Technology program. “The Rounds exemplifies the critical intersection of tech innovation and operations, which is essential for the future of last-mile logistics to be sustainable,” said Professor Allon. “By leveraging AI to optimize operations and reduce waste, The Rounds is not just scaling up its business but is also setting a new standard for sustainable growth and efficiency in two-way last-mile logistics. I am excited to join the Board and contribute to a mission that aligns with my research on scaling operations in tech ventures and linking strategy with execution.”

To learn more about The Rounds, visit therounds.co.

About The Rounds

The Rounds is an AI-driven shopping platform designed to intelligently manage home essentials and reduce packaging waste. For $10 a month, Members can automate the delivery and replenishment of thousands of grocery SKUs in categories including household, personal care, pantry, produce, dairy, and dry goods, along with favorites from local brands and businesses. All products are delivered in reusable packaging and empty containers are picked up, sanitized, and refilled by The Rounds weekly, leveraging their proprietary two-way logistics network. The company’s personalized set-it-and-forget-it platform allows for predictive recurring deliveries and smarter product recommendations over time. Launched in 2019, the company has expanded to service Philadelphia, Washington D.C., and Atlanta.

About Moderne Ventures

Moderne Ventures is a strategic venture capital and growth equity firm with more than $500M assets under management and a 16-year track record generating top-tier returns across multiple funds. Moderne is a generalist investor with a vertical approach focused on technology companies in and around the multi-trillion-dollar industries like real estate, finance, insurance, and sustainability – which make up >17% of the US GDP and are ripe for innovation and disruption. The Fund focuses on companies that pertain both to these verticals and that can also expand beyond these industries to capture larger markets and top-tier venture returns.

Moderne differentiates itself by bringing customers to its portfolio companies. Moderne has both a Fund and an Industry Immersion Program, the Moderne Passport, designed to foster innovation, partnership, and growth between industry partners and emerging technology companies. Moderne has built an extraordinary network of over 1,500 executives and corporations within its core industries and programmatically connects its portfolio to the industry network to help generate growth for the portfolio. Moderne has invested in over 150 companies across three funds.

Contact:
Lauren O’Reilly
laurenoreilly@therounds.co

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Florida Southern College Celebrates Ben and Missy Albritton Citrus and Horticulture Complex Greenhouse Raising and Miller Planetarium Rededication

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LAKELAND, Fla., Oct. 26, 2026 /PRNewswire/ — Florida Southern College celebrated two significant investments in science education and historic preservation on Thursday, Oct. 22, with the Ben and Missy Albritton Citrus and Horticulture Complex Greenhouse Raising, as well as the Miller Planetarium Rededication. The celebration highlighted the College’s commitment to agricultural education, scientific discovery, and preserving its distinctive Frank Lloyd Wright-designed campus.

The event welcomed Florida Senate President and Florida Southern alumnus Ben Albritton and his wife, Missy Albritton, along with state and local officials, College leadership, alumni, and community partners. The program included the unveiling of a dedication inscription honoring the Albritton’s, a greenhouse raising ceremony for the new greenhouse complex, and a ribbon-cutting ceremony for the newly modernized Miller Planetarium.

The Albritton Citrus and Horticulture Complex will strengthen Florida Southern’s longstanding connection to Florida’s citrus industry and agricultural education. As a student, Ben Albritton studied horticulture at the College, where faculty members helped him recognize his potential as both a student and a leader. The complex honors the Albrittons’ connection to Florida Southern and their commitment to education, agriculture, and public service.

During the greenhouse raising, invited guests signed a steel beam that will become a permanent part of the new complex. The ceremony recognized the collaborative efforts of the College, state leaders, and community supporters in advancing agricultural education. Once completed, the four new greenhouses will provide opportunities for hands-on learning, experimentation, and scientific inquiry.

State funding is also supporting improvements to Polk Science, including structural upgrades, historic preservation, and restoration of its greenhouse. Complementing these investments, a private donor gift will support renovations to existing laboratories, strengthening facilities for scientific instruction and research.

“We are particularly grateful to the State of Florida and specifically the Polk County legislators who made these opportunities possible for students, schools, and the entire community,” said Dr. Jeremy Martin, President of Florida Southern College. “We are also honored to recognize Ben and Missy Albritton, whose longstanding relationship with Florida Southern and commitment to Florida agriculture and public service make today’s celebration especially meaningful.”

The celebration continued at the Miller Planetarium, where President Jeremy Martin led the rededication and ribbon-cutting ceremony. The planetarium’s modernization includes significant upgrades to projection and audiovisual technology, transforming the historic facility into an immersive learning environment for students, K-12 school groups, families, and visitors.

The program recognized Senator Colleen Burton and Representative Jennifer Canady for their advocacy in securing state appropriations for Florida Southern over the past several years. The restoration also received support from the State of Florida, the National Park Service’s Save America’s Treasures grant program, and a private donor. These investments helped preserve the planetarium while equipping it with modern technology to inspire new generations of learners.

“The reopening of the Planetarium fulfills a dream decades in the making,” said Dr. Keith Berend, chairman of the College’s Board of Trustees. “As a student here in the late 1980s and early 1990s, I remember hoping to see this day.”

Dr. Berend also emphasized the significance of the greenhouse complex in carrying forward Florida Southern’s agricultural legacy.

“Florida Southern has a proud history in citrus education, including what was once the nation’s only bachelor’s degree dedicated to citrus. Seeing that legacy carried forward for a new generation is especially exciting,” he said.

Together, the Albritton Citrus and Horticulture Complex and the Miller Planetarium connect Florida Southern’s legacy with new opportunities for scientific exploration, student learning, and community engagement.

Founded in 1883, Florida Southern College is the oldest private college in the state. The College maintains its commitment to academic excellence through 70+ undergraduate programs and distinctive graduate programs in business administration, education, nursing, and physical therapy. Florida Southern has a 14:1 student-to-faculty ratio, is an award-winning national leader in engaged learning, and boasts 30 NCAA Division II National Championships. In the U.S. News & World Report’s 2025 “Best Colleges” guide, Florida Southern ranks #11 among “Best Regional Universities in the South,” #12 in “Most Innovative Schools,” and #24 in “Best Value Schools.” The College is also highlighted in The Princeton Review’s 2026 Best 391 Colleges guide and the “Fiske Guide to Colleges 2025.” The 2025-2026 Colleges of Distinction guidebook praises Florida Southern’s AACSB-accredited Barney Barnett School of Business and Free Enterprise alongside the College’s School of Education and its Ann Blanton Edwards School of Nursing and Health Sciences. Home to the world’s largest single-site collection of Frank Lloyd Wright architecture, Florida Southern houses 13 Wright-designed structures.

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SOURCE Florida Southern College

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The Island of The Stars, La Palma, Hosts Artemis II Commander Reid Wiseman

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CANARY ISLANDS, Spain, Oct. 26, 2026 /PRNewswire/ — From the iconic sound of Sir Brian May’s legendary Red Special guitar and the extraordinary voices of Andrea Bocelli and Sarah Brightman to the groundbreaking discoveries of Nobel Prize-winning scientists, from NASA’s Artemis II astronauts preparing for humanity’s return to the Moon to historic tributes to Stephen Hawking and Jane Goodall, STARMUS VIII — The Search for Truth brought together an extraordinary constellation of scientific minds, legendary musicians, explorers and visionary thinkers for six unforgettable days in the Canary Islands.

Held across Tenerife and La Palma from 17 to 22 October 2026, the eighth edition of STARMUS transformed the islands into a global stage for scientific discovery, artistic excellence and some of the most important conversations shaping humanity’s future.

Founded by astrophysicist Dr. Garik Israelian and legendary Queen guitarist and astrophysicist Sir Brian May, STARMUS once again demonstrated its unique ability to bridge science, music and society, bringing complex scientific ideas to audiences through extraordinary encounters, performances and shared experiences.

In an extraordinary exchange in La Palma with Reid Wiseman, Commander of the Artemis II mission to the moon, astrophysicist and Starmus co-founder Garik Israelian asked him how it felt to be at the Starmus VIII Festival in La Palma when “15 years ago we were here with Neil Armstrong Alexei Leonov, Jim Lovell, Charlie Hewitt, Buzz Aldrin, lots of scientists, Brian May….” Commander Wiseman responded, “I am here in La Palma and Alexei Leonov was one of the first people to talk to me before I launched to the International Space Station in 2014, and then Jim Lovell sent us a greeting when we went around the far side of the moon in 2014 on Artemis II…amazing to be connected through all those years.”

Media Contacts:

US: Dan DuPont, dupont0708@gmail.com, +1 202 380 7558

UK/EU: Nicole Ettinger, nicole@ettingerpr.com, +44 7515 394107

Spain: Carlos Esteban, cesteban@llys.global, +34 699 55 2854

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SOURCE Starmus Foundation

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COLUMBIA DISTRIBUTING COMPLETES ALASKA TRANSACTION WITH RNDC, ESTABLISHING A FOUR-STATE PACIFIC NORTHWEST TOTAL BEVERAGE PLATFORM

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WILSONVILLE, Ore., Oct. 26, 2026 /PRNewswire/ — Columbia Distributing today announced it has completed its transaction with Republic National Distributing Company (RNDC) to acquire certain beverage distribution assets in Alaska, marking Columbia’s official entry into the state and completing the final component of the letter of intent announced by the companies in April.

The closing represents a major milestone in a long-term strategy Columbia set out to build: a multi-category, multi-state total beverage platform across the Pacific Northwest. With direct operations now spanning Alaska, Oregon, and Washington, along with its recently completed strategic partnership with Hayden Beverage in Idaho, Columbia has brought that vision to life, creating a connected four-state route to market and a more complete one-stop solution for supplier and retail partners across the region.

“This is a huge moment for Columbia because it represents exactly what we set out to build,” said Chris Steffanci, President and CEO of Columbia Distributing. “Our long-term vision has been to create the strongest total beverage platform in the Pacific Northwest—a multi-category, multi-state strategy that gives our partners a more complete solution across the region. With Alaska, that vision is now coming to life. We can offer suppliers and retailers a connected, capable, and increasingly seamless route to market across Alaska, Idaho, Oregon, and Washington.”

The Alaska transaction expands Columbia’s direct service territory to more than 835,000 square miles and adds nearly 1,500 customer accounts. It also brings Columbia into a market with an experienced local team, strong customer relationships, and an established beverage distribution network.

Columbia sees significant untapped potential in the Alaska business and plans to bring renewed investment, leadership, resources, and market focus to the state. The company will pair the Alaska team’s local knowledge and relationships with the culture and ways of working that drive Columbia’s performance in its existing markets, empowering people, moving with urgency, holding one another accountable, and maintaining a relentless focus on customers, brands, and execution.

“What has impressed me most is the energy and ambition of the Alaska team,” Steffanci said. “They know the market, they believe in the brands, and they are hungry to grow, compete, and win. They do not need us to teach them Alaska. Our responsibility is to give them the leadership, investment, tools, and support to show what they can do.”

“At Columbia, we trust our people, empower the teams closest to the market, and expect everyone to take ownership of results,” Steffanci continued. “That culture and the way we work across our company will bring new energy and momentum to Alaska. We are not entering the market to maintain the status quo—we are here to build, grow, compete, and raise the standard. This team is ready to be unleashed, and I believe the market is going to feel the difference very quickly.”

The expansion is the latest step in the deliberate strategy Columbia has pursued to build a broader total beverage business across multiple categories and markets. On June 30, the company completed its acquisition of certain RNDC wine and spirits distribution rights in Oregon and Washington. In September, Columbia completed a strategic partnership with Hayden Beverage, creating long-term alignment with Idaho’s leading locally based beverage distributor. The Alaska transaction completes the geographic footprint Columbia envisioned across the four-state Pacific Northwest market.

Together, these transactions create a platform designed around what suppliers and retailers increasingly need: one partner capable of representing multiple beverage categories across multiple states while still maintaining the local knowledge, relationships, and market-level execution required to succeed in each community.

Columbia’s expanded platform spans beer, wine, spirits, cider, non-alcoholic beverages, and emerging beverage categories. For supplier partners, it provides greater regional scale, category expertise, operational capabilities, and a more cohesive route to market. For retailers, it provides access to a broader portfolio backed by strong sales, delivery, merchandising, revenue management, and account execution capabilities.

“This is what total beverage means to us,” Steffanci added. “It is not simply adding categories or adding geography. It is about building a one-stop solution that connects categories, capabilities, people, and markets in a way that creates more value for our partners. We now have the platform we envisioned across the Pacific Northwest, and our focus turns to executing against that opportunity.”

Columbia is working closely with the Alaska team, suppliers, customers, and business partners to support a smooth transition. Columbia will communicate additional information about the operational transition, portfolio, and go-live timing directly to affected stakeholders.

Columbia appreciates RNDC’s partnership and the work of teams across both organizations to complete the transaction. Financial terms were not disclosed.

About Columbia Distributing

Since 1935, Columbia Distributing has helped build some of the best-known brands in the beverage business. Today, Columbia is one of the nation’s leading total beverage distributors, with a portfolio spanning beer, wine, spirits, cider, non-alcoholic beverages, and emerging beverage categories.

Columbia’s more than 3,200 teammates serve approximately 24,000 retail customers and deliver more than 80 million cases annually. With direct operations across Alaska, Oregon, and Washington and a strategic partnership with Hayden Beverage in Idaho, Columbia offers supplier and retail partners a connected four-state, multi-category route to market across the Pacific Northwest.

Columbia’s success is built on its people, its brands, and a deep-rooted commitment to execution, service, and creating sustainable growth for its teammates, customers, suppliers, shareholders, and communities. For more information, visit www.coldist.com.

Contact: Steve Gibbs
Steve.Gibbs@coldist.com | 206-920-6799

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SOURCE Columbia Distributing

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