Roam

Roam

About Roam

Simplify's Rating
Why Roam is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Rating Differentiation

Industries

Data & Analytics

Automotive & Transportation

Consumer Software

Company Size

11-50

Company Stage

Series A

Total Funding

$40.6M

Headquarters

New York City, New York

Founded

2021

Overview

Company Does Not Provide H1B Sponsorship

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Roam secured $40 million in funding to expand its virtual office platform.
  • The appointment of Brent Saunders as Chair strengthens Roam's leadership team.
  • Growing demand for hybrid work solutions aligns with Roam's mission and offerings.

What critics are saying

  • Roam faces strong competition from established players like Zoom and Microsoft Teams.
  • Market saturation with new startups could reduce Roam's differentiation.
  • Return-to-office mandates may decrease demand for virtual office solutions.

What makes Roam unique

  • Roam offers a unique 'Marauder's Map' feature for virtual office visibility.
  • The platform positions itself as a 'cloud HQ' for distributed teams.
  • Roam integrates AI-driven productivity tools to enhance remote work efficiency.

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Funding

Total Funding

$40.6M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$30M
Roam

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

7%
Forbes
Jan 18th, 2024
A 'Marauder'S Map' For The Office: Virtual Hq App Roam Exits Beta Period Amid More Rto Mandates

Yext CEO Howard Lerman speaks onstage at the ONWARD17 Conference- Day 2 on November 2, 2017 in New York City. (Photo by Slaven Vlasic/Getty Images for ONWARD17) gettyT he idea for Howard Lerman’s next startup came when he forgot to include someone in a Zoom call. It was during the pandemic, when the serial entrepreneur was running Yext, the publicly traded online marketing platform he cofounded. Large videoconference calls were common at the time, with squares of camera-off and camera-on coworkers spilling off the screen. In remote work, “if you forget to add someone to a Zoom calendar invite, it’s like they don't exist,” says Lerman, who also cofounded Confide. “They have no way of knowing that the meeting was going to happen.”Yet that moment sparked the idea of a “Marauder’s Map” for the office, Lerman says, borrowing the Harry Potter concept of a magical diagram that represents both the wizarding school’s interior and people’s locations within it

RO
Jun 12th, 2023
Roam | News | Roam Appoints Brent Saunders, CEO of Bausch + Lomb and former Cisco Director, as Chair of Company’s Board of Directors

Roam, the all-in-one Cloud HQ that brings distributed companies together in one headquarters - from anywhere, today announced the appointment of Brent Saunders, Chair and CEO of Bausch + Lomb (NYSE: BLCO), as its Chair of the Board of Directors, effective immediately.

Recruitr Labs
Apr 13th, 2023
The Hottest Trends for Tech Startups in 2023 (Part 2)

One such virtual office platform provider is Roam, which recently secured $40 million in funding.

CNBC
Nov 2nd, 2022
This startup just raised $40 million to take on Zoom with virtual office spaces

Former Yext CEO Howard Lerman has spent over a year creating Roam, a new kind of virtual office.

TechCrunch
Nov 2nd, 2022
Former Yext Ceo Launches Roam To Provide A Virtual Hq For Distributed Teams

Roam, which bills itself as a “cloud HQ” for distributed, remote companies, today emerged from stealth with $30 million in Series A funding led by IVP with participation from undisclosed angel investors. The tranche, which comes after a previously unannounced $10.6 million seed round and values the company at $95 million post-money, will be put toward go-to-market efforts in the U.S. and abroad, CEO Howard Lerman said. Lerman previously co-founded and led Yext, the publicly traded brand management company that uses a cloud-based network of apps and search engines to keep company information up to date across the web. When Yext’s workforce transitioned to remote work during the pandemic, Lerman perceived that employees lost “spontaneity and serendipity,” spent more time in meetings and began to lose visibility into what other meetings were going on and what their colleagues were doing

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