Virtual Office Tool Roam Emerges From Stealth Mode, Raises Fresh Funds To Take On Zoom

This new startup just emerged from stealth mode to take on the remote tech powerhouse Zoom with a cloud-based workspace. Roam, a new kind of virtual office software that allows distributed teams to communicate more efficiently announced that it has raised $30 million in a Series A funding round. IVP led this latest investment, with participation from undisclosed investors.

Founder and CEO Howard Lerman also contributed $10.6 million of his own money to his new startup, bringing the company’s total raised funds to $40.6 million. According to TechCrunch, the newly-raised capital will be likely used to boost go-to-market efforts and support expansion on the US market and abroad.

Roam, which bill itself as a virtual HQ for distributed teams, functions like an office building in the cloud, where employees can drop by with just a few clicks of a button. Using Roam’s virtual office software, employees will get a bird’s eye view of everything working inside the cloud HQ, meaning they can see who is in each of the virtual rooms and who is working remotely. Like a traditional video conference, Roam’s virtual rooms also bring audio and video capabilities.

Currently, Roam is still in the beta stage and will be made available only to a limited number of users, or invite-only users. But Lerman said there will be a waitlist and added that his company plans to add a dozen companies for the next six months. The company currently employs 15 people and has around 40 corporate customers.

This is not the first time Lerman has launched a startup. The 42-year-old internet entrepreneur has previously founded Yext, a publicly traded brand management that provides businesses with a better way to update business information to multiple channels, and Confide, an iOS app that operates similarly to Snapchat.

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