Saturday, May 18, 2024
HomeFunding NYC-based Roam Secures $3Million in Additional Funding

[Funding News] NYC-based Roam Secures $3Million in Additional Funding

Roam, a provider of a platform for assumable mortgages, secures $3million in additional funding. Among the backers was Founders Fund.

Roam, a provider of a platform for assumable mortgages, secures $3million in additional funding. Among the backers was Founders Fund.

The most recent seed round was headed by partner at Founders Fund Keith Rabois, who previously led Roam’s Pre-Seed fundraising round. New investors in the round included Tony Xu, CEO of DoorDash, Dylan Field, CEO of Figma, Paul Gu, co-founder of Upstart, and Gokul Rajaram, board member of Pinterest and Coinbase.

Read also – [Funding News] Mississippi-based C3 Rentals LLC Secures $100Million Debt Funding

The business plans to use the money to increase both its development and operational activities. Under the direction of its CEO and founder, Raunaq Singh, it assists prospective homeowners in going back in time and obtaining a low-rate mortgage for their future property.

When compared to purchasing the same house with a typical mortgage, the organisation helps buyers save money on monthly payments and helps sellers discover more buyers for their property.

About Roam

Roam also declared that it has reached new markets, such as Chicago, IL, Jacksonville, FL, and Tucson, AZ. This expands the number of areas where its platform is currently useful to buyers, sellers, and agents to over a dozen.

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