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§ Private Profile · New York City, NY, USA
Roomi is a technology company.
Roomi operates a peer-to-peer shared housing platform designed to simplify and enhance the safety of finding room rentals and compatible roommates. The company's mobile application facilitates the discovery of flexible, affordable co-living solutions by providing verified listings and user profiles. It serves as a comprehensive marketplace for individuals seeking shared accommodation and sublets.
Roomi was founded in 2013 by Ajay Yadav, who recognized a significant challenge in securing safe and convenient shared housing. As a solo founder, Yadav drew upon his own experiences, understanding the need for a more secure and accessible method for individuals to find suitable roommates and living arrangements. This insight drove the creation of a platform to address these critical pain points.
The platform primarily caters to individuals, often young professionals, seeking flexible and affordable co-living options. Roomi's vision centers on transforming the shared housing experience by prioritizing safety, ease of use, and compatibility among residents. The company continues its mission to make finding a roommate and a home a more streamlined and positive process for its users.
Roomi has raised $16.7M across 4 funding rounds.
Key people at Roomi.
Roomi has raised $16.7M in total across 4 funding rounds.
Roomi has raised $16.7M across 4 funding rounds. Most recently, it raised $11.0M Series A in March 2017.
Key people at Roomi.
Roomi is a technology company that offers a free mobile platform designed to simplify the search for shared housing and compatible roommates. It serves individuals seeking affordable, flexible co-living solutions by providing a peer-to-peer marketplace where users can find rooms and roommates tailored to their income, location, and budget. Roomi addresses the common challenges of roommate matching and housing searches by offering secure in-app messaging, background checks, ID verification, and online booking with automatic rent payments. The platform has demonstrated strong growth momentum, with over 1 million app installations and more than 230,000 apartments listed as of 2017, and projected to facilitate tens of thousands of move-ins annually[1][3][5].
Founded in 2015 and headquartered in New York City, Roomi was created to address the fragmented and often unsafe roommate search market, which had been largely underserved by major players like Craigslist and Airbnb. The founders leveraged proprietary algorithms to create individualized search results that save users time and money. Early traction included rapid user growth and market penetration in New York City, where Roomi matched the supply of rooms available on Craigslist, signaling strong product-market fit. The company has since raised approximately $25 million in funding, supporting its expansion and product development[1][2][3][4].
Roomi rides the growing trend of the shared economy and co-living, driven by increasing urbanization, rising housing costs, and changing lifestyle preferences favoring flexibility and affordability. The timing is favorable as more adults choose roommate living arrangements, and the traditional housing market remains fragmented and inefficient for this segment. Roomi’s technology-driven approach addresses these market inefficiencies by providing transparency, safety, and convenience, influencing the broader real estate tech ecosystem by setting standards for roommate matching and shared housing verification[1][4].
Looking ahead, Roomi is positioned to expand its market share by deepening its technology capabilities, enhancing user trust features, and broadening its geographic footprint. Trends such as remote work, urban migration, and the rising demand for affordable housing solutions will likely fuel Roomi’s growth. Its influence may evolve from a roommate matching app to a comprehensive platform for flexible living arrangements, potentially integrating more services like furnished rentals or co-living communities. Continued innovation and strategic partnerships will be key to maintaining its competitive edge and scaling sustainably[1][4].
Roomi has raised $16.7M in total across 4 funding rounds.
Roomi's investors include Brian Epp, Addition, CP Ventures, DCM, Fifth Wall, Goodwater Capital, GreaterGoodSociety, Great Oaks Venture Capital, IPD Capital, K2 Global, LombardStreet Ventures, Maveron.