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.