Roam, a New York-based platform innovating in the home purchasing space, has recently raised $11.5 million in Series A funding. This investment round was led by notable venture capitalist Keith Rabois of Khosla Ventures, who is recognized for his co-founding role at Opendoor. The platform primarily focuses on facilitating home purchases by allowing buyers to assume low-rate mortgages, providing an attractive alternative in a competitive mortgage market. This funding is expected to enhance Roam’s operational capabilities and expand its market reach.
Key highlights include:
– **Funding Acquisition**: Roam secured $11.5 million in Series A funding.
– **Venture Leadership**: The round was led by Keith Rabois of Khosla Ventures.
– **Innovative Offering**: Roam specializes in enabling the purchase of homes with assumable low-rate mortgages.
– **Market Strategy**: The capital will be utilized to strengthen operations and broaden market entry, enhancing homebuyer options in a fluctuating economic landscape.
You can read this full article at: https://www.housingwire.com/articles/roam-secures-11-5m-in-funding-to-expand-assumable-mortgage-access/(subscription required)
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