How Much Did Rooam Raise?
Funding & Key Investors

Rooam, a prominent player in the hospitality technology sector, has successfully secured a total of $3.4M in capital to bolster its contactless payment infrastructure. This latest injection of $97K represents a strategic move to solidify its market position as the industry shifts toward touchless, high-efficiency transaction environments. By leveraging this financing, the company aims to accelerate its growth trajectory and expand its footprint across diverse hospitality venues, ranging from high-traffic bars to large-scale event spaces.

What is Rooam?

Rooam
SoftwareFinancial SoftwareMobile App Development

Rooam operates as a sophisticated contactless payment platform specifically engineered for the hospitality industry. The company eliminates the friction associated with traditional point-of-sale hardware by offering a suite of integrated solutions, including Rooam Tab for streamlined tab management, Rooam Pay for mobile-first payment processing, and Rooam Order for web-based touchless ordering. By integrating directly with existing POS systems and supporting major digital wallets like Apple Pay and Google Pay, Rooam enhances operational throughput and revenue capture. Its value proposition centers on reducing service wait times and providing a seamless, hardware-agnostic experience that meets the evolving demands of modern consumers and venue operators alike.

How much funding has Rooam raised?

Rooam has raised a total of $3.4M across 3 funding rounds:

2016

Angel/Seed

$1.2M

2017

Angel/Seed

$2.1M

2021

Debt

$97K

Angel/Seed (2016): $1.2M, investors not publicly disclosed

Angel/Seed (2017): $2.1M, investors not publicly disclosed

Debt (2021): $97K supported by PPP

Key Investors in Rooam

PPP

Public-Private Partnership

Undisclosed Investor

An undisclosed investor participating in the funding round to support the company's long-term growth objectives.

Undisclosed Investor

An undisclosed investor participating in the funding round to support the company's long-term growth objectives.

What's next for Rooam?

With this major enterprise-level funding, Rooam is positioned to scale its operations and deepen its penetration within the competitive fintech landscape. The company is expected to focus on enhancing its software-as-a-service capabilities, potentially exploring new integrations that further automate the guest experience. As the hospitality sector continues to prioritize digital transformation, Rooam's ability to provide a frictionless, secure, and scalable payment ecosystem will be critical. Future strategic initiatives will likely involve expanding its partner network and refining its data analytics tools to provide venue operators with deeper insights into consumer spending patterns and operational efficiency.

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Frequently Asked Questions Regarding Rooam Financial Insights

What are the most recent funding rounds that Rooam has completed, and what were the funding rounds?
Rooam has recently completed 3 funding rounds: Debt on Mar 6, 2021, Angel/Seed on Jul 1, 2017, Angel/Seed on Apr 25, 2016.
What is the total amount of funding Rooam has raised to date?
Rooam has raised a total of $3.4M in funding to date.
How many funding rounds has Rooam completed?
Rooam has completed 3 funding rounds.
How much funding did Rooam raise in its most recent funding round?
Rooam raised $97K in its most recent funding round.
Who are the lead investors in Rooam's latest funding round?
The lead investor in Rooam's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Rooam's history?
The largest funding round in Rooam's history was $2.1M.
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