Roam Research co-founder Joshua Brown (l), co-founder and CEO Conor  White-Sullivan, and Victoria Ledford, head of operations. Photo credit: Roam Research
Exclusive
Venture Capital Startups

A $200 Million Seed Valuation for Roam Shows Investor Frenzy for Note-Taking Apps

Photo: Roam Research co-founder Joshua Brown (l), co-founder and CEO Conor White-Sullivan, and Victoria Ledford, head of operations. Photo credit: Roam Research

The shift to remote work has buoyed the valuations of several startups making productivity tools. The latest is Roam Research, which has raised $9 million at a valuation of $200 million, or about 25 times higher than the median valuation for seed rounds. 

Roam is tapping more than a dozen individuals and firms for the round, including Stripe co-founders Patrick and John Collison, True Ventures and Lux Capital. The Oakland, California, startup, which currently sells access to a web-based note-taking tool, will use the cash to finish its mobile app and hire people. 

The rapid pivot to remote work has magnified already strong investor interest in apps to help people stay on task and collaborate. Roam rivals like Notion and Coda have recently raised hundreds of millions in VC funding, also at high valuations. Workplace software firm Asana, recently valued on the secondary markets at $5 billion, plans to go public through a direct listing in the coming weeks.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive
Katzenberg Tried to Sell Quibi Content, Raising Questions About Service’s Future
Katzenberg Tried to Sell Quibi Content, Raising Questions About Service’s Future

Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi. He recently tried to sell its catalog of programming to companies such as NBCUniversal and Facebook. Both passed, according to several people familiar with the matter.

Meanwhile, Katzenberg has told people in the industry that he may have to shut down the company, according to one person ...

Latest Briefs
 
Adobe Joining News Outlets to Combat ‘Deep Fakes'
Snap’s Revenue Surges and Sends Stock Soaring 20%
Netflix’s Subscriber Growth Slows Sharply
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
New Amazon Data: Retailer Wins Sales While Losing to Merchants on Listings
Data Point Policy E-commerce
New Amazon Data: Retailer Wins Sales While Losing to Merchants on Listings
Just 1% of the vacuum cleaners, immersion blenders and other household products listed on Amazon last year were sold by the retailer, with the rest coming from other merchants who use its platform.
New Data Show Reality Behind Self-Driving Truck Startup’s Funding
Exclusive Venture Capital Startups
New Data Show Reality Behind Self-Driving Truck Startup’s Funding
TuSimple, a prominent developer of self-driving semitrailer trucks that is worth more than $1 billion on paper, said last fall it had secured funding of $215 million from investors.
Censorship Drama Engulfs Facebook, Twitter: The Information’s Tech Briefing
The Briefing
Censorship Drama Engulfs Facebook, Twitter: The Information’s Tech Briefing
There’s no question that Facebook and Twitter face an extremely difficult task in trying to keep misinformation from polluting their networks, particularly now, in the weeks before the election.
Apple Unveils 5G Phones: The Information’s Tech Briefing
The Briefing
Apple Unveils 5G Phones: The Information’s Tech Briefing
Apple brought all its usual marketing hyperbole to today’s unveiling of its latest iPhones, with breathless exclamation for new colors, chip speed and the ceramic cover that Apple promises will be less breakable.
Cover Wall Street for The Information!
jobs@theinformation
Cover Wall Street for The Information!
If you’re interested in how the capital markets work, and you love the tech industry, The Information has a job for you.
The Rise of ‘Retention Rates,’ the Software Metric Investors Are Obsessing Over
Data Point Startups Markets
The Rise of ‘Retention Rates,’ the Software Metric Investors Are Obsessing Over
When database startup Snowflake filed for an initial public offering in late August, investors honed in on one measure of its performance: net revenue retention rate, which reflects a company’s ability to keep customers and get them to increase their spending over time.