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About ROOM
Industries
Industrial & Manufacturing
Design
Consumer Goods
Company Size
201-500
Company Stage
Series A
Total Funding
$24.5M
Headquarters
New York City, New York
Founded
2017
Overview
ROOM creates modular office pods that enhance modern workspaces. Their products are designed to improve collaboration, video conferencing, and overall office efficiency. These prefabricated pods are built off-site and assembled at the client's location, allowing for quick installation. ROOM offers a range of customizable options, including soundproof meeting rooms that can be reconfigured as needed. The company serves a variety of clients, from small startups to large corporations, and generates revenue through direct sales and flexible financing options. ROOM's goal is to provide smart, sustainable, and adaptable workspace solutions that prioritize the human experience.
Simplify's Take
What believers are saying
- Growing demand for hybrid work solutions boosts ROOM's market potential.
- Rising interest in sustainable office solutions aligns with ROOM's eco-friendly products.
- Expansion of the modular construction market supports ROOM's growth prospects.
What critics are saying
- Increased competition from established companies like Steelcase and Herman Miller.
- Potential supply chain disruptions due to reliance on international prefabricated components.
- The trend towards remote work may reduce demand for physical office spaces.
What makes ROOM unique
- ROOM offers prefabricated, self-assembled, soundproofed, and ventilated office pods.
- The company provides flexible payment options, making its products accessible to various businesses.
- ROOM's partnership with One Tree Planted enhances its commitment to sustainability.
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Funding
Total Funding
$24.5M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%"One for One" Initiative Dedicated to Planting Trees Around the WorldNEW YORK, April 22, 2024 /PRNewswire/ -- ROOM, the leading provider of modular workspace solutions, today announced a partnership with One Tree Planted that aims to plant 40,000 trees for landscape reforestation in 2024. For every one of ROOM's modular products purchased, the Company will plant one tree in One Tree Planted's global network of reforestation projects. Modular architecture company ROOM announces partnership with One Tree Planted to plant 40,000 trees for reforestation.ROOM's suite of modular architecture ranges from soundproof office phone booths to modular meeting rooms and private offices. Since 2014, One Tree Planted has planted over 135 million trees with 378 partners across 82 countries
New York Design Center, Inc. will be kicking it off with Darren Henault's beautiful Room in the 2023 Dallas Kip's Bay Show House!
Nordic Secondary Fund is pleased to announce that we have acquired a stake in ROOM, a modern & sustainable office workspace products company.
In 2015, she starred in Room, for which she won multiple awards including Academy Award, BAFTA Award, Critic's Choice Award, Golden Globe Award, Screen Actors Guild Award and Canadian Screen Award for Best Actress.
For Earth Month, ROOM partnered with Tuppence Collective to give the booth a botanical makeover.
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About ROOM
Industries
Industrial & Manufacturing
Design
Consumer Goods
Company Size
201-500
Company Stage
Series A
Total Funding
$24.5M
Headquarters
New York City, New York
Founded
2017
There are no jobs for ROOM right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to ROOM