Roam Research's crowdfunding campaign was oversubscribed in an hour

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Note-taking app Roam invited its most loyal users to join a $500,000 crowdfunding campaign. It took a day to raise $1.6 million.

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Roam Research began a crowdfunding campaign on Monday to give early adopters a slice of the company.The startup's note-taking app has garnered a loyal following that goes by the name #roamcult.Roam Research, a startup that makes a web-based notes app, sent an email to some of its paying users on Monday saying it had opened aThe goal was to raise up to $500,000, according to a regulatory filing with the Securities and Exchange Commission.

In less than an hour after the email was sent, the round was oversubscribed, Conor White-Sullivan, cofounder and chief executive of Roam,The deal size is small enough to suggest that the venture-backed company isn't try to circumvent venture capitalists. It raised a seed round of funding just seven months ago. Instead, the round is meant as a way to give back to early adopters, Josh Wolfe, a partner at Lux Capital and an investor in Roam, tells Insider.

"Your support has been critical to our success thus far and we want you to participate in any upside we create as we continue to grow and improve," the email said. The startup's app lets users take notes and"link" ideas, so that anytime they write about a topic, they can quickly turn up all the other notes they took on that topic. It has spawned a

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