Roam, A NYC-based provider of a platform for assumable mortgages, raised $3M in additional funding, with backers included Founders Fund.
Keith Rabois, who led Roam’s Pre-Seed financing round as a partner at Founders Fund, also led the latest seed round along with new investors Tony Xu (DoorDash CEO), Dylan Field (Figma CEO), Paul Gu (Upstart co-founder), and Gokul Rajaram (Pinterest and Coinbase Board Member).
The company intends to us the funds to expand operations and its development efforts.
Led by CEO and Founder Raunaq Singh, Roam helps homebuyers wind back the clock and purchase their next home with a low-rate mortgage included. The company allows sellers to find more buyers in their home sale while enabling buyers to save on monthly payments compared to buying the same house with a traditional mortgage.
Roam also announced it has expanded to additional markets including Tucson, AZ, Jacksonville, FL, and Chicago, IL. This adds to over a dozen existing markets where buyers, sellers, and agents can benefit from its platform.
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