# Room

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/room

- Industry: Commercial Property
- Headquarters: New York, US
- Website: www.room.com
- Total disclosed funding: $15M
- Latest round: Series B (Dec 14, 2020)
- Investors on record: 5

## About

Room Inc. is a US-based design service specializing in the creation of soundproof office phone booths and modular pods, tailored for modern work environments.Founded in 2017 and headquartered in New York, US, Room Inc. focuses on designing innovative office solutions. The company has successfully completed 6 funding rounds, with the latest being a Series A round, in which they raised USD 12.50 mn, led by Slow Ventures. The founding team includes Brian Chen, Dintletse Molongoana, Fernando Paez, and others who have a diverse background in entrepreneurship and technology.ROOM specializes in the design and manufacture of soundproof office phone booths and modular office pods. Their core offerings include the Phone Booth priced at USD 6,295, the Focus Room at USD 18,495, the Meeting Room at USD 19,995, and the Open Meeting Room at USD 16,995. These products are aimed at enhancing workplace productivity by providing quiet and private spaces for various tasks. ROOM's market reach extends to the United States, Canada, Australia, New Zealand, and Europe, catering to both large enterprises and small businesses.ROOM generates revenue through direct sales of its products to businesses seeking to improve their work environments. Their pricing structure supports one-time transactions with available financing options. The company emphasizes direct relationships with corporate clients, ensuring efficient installation and customer support. Additionally, ROOM has partnered with reforestation nonprofit One Tree Planted to enhance its brand appeal in environmentally-conscious markets.ROOM plans to launch new products designed to further enhance workplace environments and is actively exploring expansion into additional markets within Europe and Asia by the end of 2024. The recent Series A funding of USD 12.50 mn is intended to support these initiatives, including product development and market entry strategies. The company had previously seen FJ Labs exit their stakes for an undisclosed amount.

## Funding rounds

- Series B, Dec 14, 2020 — FJ Labs
- Series A, Aug 5, 2020, $13M — SJF Ventures, Lerer Hippeau Ventures, Slow, FJ Labs, Gaingels
- Series A, Mar 27, 2020 — FJ Labs
- Seed, Jul 30, 2018, $2.4M — Slow

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed, Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series B
- SJF Ventures (https://capitalatlas.ai/funds/sjf-ventures) — Series A
- Lerer Hippeau Ventures — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A