Roomi operates a peer-to-peer marketplace that helps users list empty rooms and connect with potential roommates. The company launched in 2015 and reached 100,000 app downloads within its first year. Today Roomi reports around 1 million registered users and nearly 250,000 rooms listed on its platform. Management positions the product as addressing a growing preference for shared, flexible living among Millennials and Gen Z. Roomi is pursuing geographic expansion in the U.S. and internationally and is also running a crowdfunding campaign on Republic to allow users to buy shares. Financially, Roomi has raised a total of $17 million to date, including the newly announced Series A. Roomi operates a roommate-first rental-listing platform where available homes already have tenants and users can find compatible roommates. The app syncs with Facebook to surface occupant preferences (e.g., gym habits or party tendencies) and emphasizes matching people as well as places. Launched last year, Roomi has over 375,000 users across North America. CEO Ajay Yadav says the goal is to build a platform people can trust, and the company plans to work with services to incorporate stringent background checks to screen for criminal records. Roomi intends to expand internationally and positions itself as an alternative to Craigslist, Trulia and Zillow via its roommate-first approach. The business is nascent: Yadav stated the company currently does not generate revenue. Roomi is a mobile-first roommate-matching app that lets users list apartments and browse potential roommates using detailed profile questions (pet allergies, smoking habits, early riser/night owl) and in-app messaging. The service vets and verifies new users through Facebook Connect. The company operates in New York and had about 3,000 apartments listed during its beta. Roomi is currently iOS-only but plans to expand to Android, add new features and hire top talent. CEO and founder Ajay Yadav sees potential monetization through services such as paying rent online and ID and credit check verification. The app emphasizes upfront compatibility data to reduce wasted time and streamline roommate matching.

Total raised

$17M

Funding rounds

3

Latest round

Series A

Latest activity

Nov 2017