Roomi, an app that helps you find a roommate, raises $4 million

Posted on Posted in 2016 Business Opportunities For You, What's Trending Now

 

Roomi may look like just another rental listing app, but there’s a twist; all of these homes already have tenants.

Roomi can find you a better roommate. Are you a gym rat? Do you like to throw parties? The app syncs with Facebook to give you a glimpse of prospective cohabitants.

Launched last year, Roomi has over 375,000 users across North America. They have now raised an additional $4 million in seed funding led by DCM Ventures to expand internationally. This brings their total funding to $6 million.

“There’s a whole generation of millennials leading a housing transformation — they live and rent differently than their parents did. They are moving more frequently and renting later into their lives,” David Cheng, investor at DCM Ventures explained why he sees a market opportunity. “We believe that Roomi, as a dedicated platform for rentals and co-living, caters to this generation’s housing needs.”

 

Local Marketing Hack 300 x 300

 

“The goal is to build a platform people can trust.” says CEO Ajay Yadav. He said that Roomi is going to be working with services to incorporate stringent background checks, to make sure that someone isn’t unwittingly moving in with someone with a criminal record.

It’s the roommate-first approach which he hopes will set Roomi apart from Trulia, Zillow and the rest of the many other housing apps. “The person is as important as the place you’re going to be living in,” he said.

 

Leave a Reply

Your email address will not be published. Required fields are marked *