Roomi, a peer-to-peer marketplace providing a safe, easy way to search for shared housing, has raised USD11 million in Series A funding, with Atami Capital leading the round, bringing their total funding to USD17 million.
Brain Epp, Head of Direct Investments at Atami Capital, says: “We decided to invest in Roomi because shared housing is a growing global trend and is becoming a lifestyle choice for Generation Z and Millennials. We believe Roomi is the clear market leader in peer-to-peer shared housing in NYC and we intend to support Roomi expand further in the US and globally.”
Roomi officially launched in 2015 with USD2 million in seed funding and hit 100,000 app downloads within their first year. Today, Roomi has around 1 million registered users and nearly 250,000 rooms listed on their platform.
“The future of living is going to be shared living. Millennials aren’t buying homes. Gen Z-ers probably won’t be buying homes. Living with roommates isn’t just a trend – flexible living and shared housing is becoming the norm,” says Ajay Yadav, CEO and Founder of Roomi. “People want access to commitment-free, immediate, verified shared housing options and Roomi wants to lead the way by make renting with roommates safer and easier than ever before.”
In addition to raising USD11 million in Series A funding, Roomi is also hosting a crowdfunding campaign on Republic and inviting their users to buy shares.
“We’re thrilled that Roomi has chosen Republic for its crowdfunding campaign. Both companies share a common link to AngelList, and this is the first time all AngelList users, accredited and unaccredited, can invest in a startup that has successfully raised from several AngelList syndicates,” says Kendrick Nguyen, Co-Founder of Republic.
