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Khosla’s Keith Rabois leads $11.5M Series A for startup Roam, calls it ‘the future of the housing market’
During the COVID-19 pandemic, mortgage interest rates dropped to historic lows -- as low as 2.5%. Fast-forward a few years and rates soared -- to highs
It might sound ambitious but Keith Rabois, managing director at Khosla Ventures, who led Roam’s new $11.5 million Series A financing, believes that the startup is the “future of the housing market.” “Having worked with them previously, I was excited about their potential to mitigate the housing affordability crisis by reducing buyers’ monthly payments and bringing sellers with low-rate mortgages on the market,” Rabois said. “Fall-throughs for not being approved were extremely painful for the seller since they’d have to re-list the home, and this made listing agents skeptical of accepting assumable offers,” he said.
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