Roomi Raises $11Million In Series A Funding

11/13/17

NEW YORK--(BUSINESS WIRE)--Roomi, a peer-to-peer marketplace providing a safe, easy way to search for shared housing, announced their Series A funding today. They raised $11 million, with Atami Capital leading the round, bringing their total funding to $17 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 $2 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.” says Ajay Yadav, CEO and Founder of Roomi.

In addition to raising $11 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.

Additional Information

Atami Capital is a privately-owned investment company located in the U.K. In addition to Atami Capital, new investors include Rosecliff Ventures, Townsquare Media and JXC Ventures with returning support from DCM and Great Oaks Venture Capital.

About Roomi

Roomi is a peer-to-peer marketplace providing a safer, easier way to search for shared housing. Users are able to easily list their empty rooms and connect with potential roommates through the platform. https://roomiapp.com

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