About ROOM
ROOM is a company based in New York (United States) founded in 2004 by Brian Chen. It operates as a Direct-to-Consumer (D2C). ROOM has raised $18.96 million across 10 funding rounds from investors including Lerer Hippeau, FJ Labs and Nordic Eye. ROOM offers products and services including Phone Booth, Room Collection, and Acoustic Lounge. ROOM operates in a competitive market with competitors including Framery, Meavo, Office Pods and Booths, Hush office and Kraft-Obench, among others.
- Headquarter New York, United States
- Founders Brian Chen
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Sectors
Business ServicesReal Estate & Construction Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ofs Brands, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.96 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
Lerer Hippeau
& 5 more
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Employee Count
Employee Count
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Products & Services of ROOM
ROOM offers a comprehensive portfolio of products and services, including Phone Booth, Room Collection, and Acoustic Lounge. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Soundproof booths are provided for private office calls.
Modular office pods are designed for dynamic workspaces.
Acoustic lounges are offered for quiet office relaxation.
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Funding Insights of ROOM
ROOM has successfully raised a total of $18.96M across 10 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Last Round
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First Round
First Round
(22 May 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - ROOM | Valuation |
investors |
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| Jan, 2022 | Amount | Series A - ROOM | Valuation |
investors |
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| Oct, 2021 | Amount | Series A - ROOM | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ROOM
ROOM has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Lerer Hippeau, FJ Labs and Nordic Eye. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early & growth stage VC firm investing in the US & France
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Founded Year | Domain | Location | |
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Early-stage tech investments are made primarily in US companies.
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Founded Year | Domain | Location | |
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Impact venture capital is invested in early-stage US companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ROOM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ROOM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Room Comparisons
Competitors of ROOM
ROOM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Framery, Meavo, Office Pods and Booths, Hush office and Kraft-Obench, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Soundproof office pods and meeting booths are manufactured for workplaces.
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| domain | founded_year | HQ Location |
Manufactures and sells soundproof office booths for productivity enhancement.
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| domain | founded_year | HQ Location |
Specializes in office pods, phone booths, and meeting spaces for agile business environments.
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| domain | founded_year | HQ Location |
Produces acoustic booths and pods for office work, meetings, calls, and team collaborations.
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| domain | founded_year | HQ Location |
Portable office work pods for customized remote workstations are offered.
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| domain | founded_year | HQ Location |
Acoustic products for improved privacy and well-being in global workspaces.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Room
Frequently Asked Questions about ROOM
When was ROOM founded?
ROOM was founded in 2004 and raised its 1st funding round 14 years after it was founded.
Where is ROOM located?
ROOM is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of ROOM?
Brian Chen is the current CEO of ROOM. They have also founded this company.
Is ROOM a funded company?
ROOM is a funded company, having raised a total of $18.96M across 10 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on May 22, 2018.
What does ROOM do?
ROOM is engaged in providing soundproof office pods and phone booths as flexible, sustainable alternatives to traditional office construction. Solutions are designed for modern workplaces, focusing on cost-effective, time-saving, and adaptable modular architecture. The company serves various sectors, including corporate environments, with products like the Room Collection and Acoustic Lounge. Emphasis is placed on sustainability through the use of recycled materials and partnerships for carbon reduction.
Who are the top competitors of ROOM?
ROOM's top competitors include Vetrospace, Framery and Kraft-Obench.
What products or services does ROOM offer?
ROOM offers Phone Booth, Room Collection, and Acoustic Lounge.
Who are ROOM's investors?
ROOM has 6 investors. Key investors include Lerer Hippeau, FJ Labs, Nordic Eye, Slow Ventures, and SJF Ventures.