# Roomi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/roomi

- Industry: Internet
- Headquarters: New York, US
- Website: www.roomiapp.com
- Total disclosed funding: $18M
- Latest round: Series A (Nov 13, 2017)
- Investors on record: 9

## About

Roomi, Inc. is a technology-driven platform that connects individuals seeking shared living arrangements with potential roommates. Its innovative app streamlines the roommate matching process, promoting affordable and suitable housing solutions.Roomi, Inc. specializes in facilitating roommate connections through its app, helping individuals find shared living spaces. Founded in 2013 in New York, US, by Ajay Y, Antoine Pérouze, Oscar Barrón, and Wilko Kunert, the company has successfully completed 7 deals, with the latest funding round being a Series A in November 2017, raising USD 11.00 mn led by Atami Capital and supported by DCM, Great Oaks Venture Capital, JXC Ventures, Rosecliff Ventures, and Townsquare Media. The company has not undergone any significant pivots in its business strategy.Roomi offers a comprehensive platform that focuses on connecting individuals seeking shared living arrangements with potential roommates. The core service is the Roomi app, which facilitates roommate matching by allowing users to create profiles, list available rooms, and search for compatible roommates based on shared preferences and lifestyles. The platform addresses common challenges such as affordability and location by enabling users to find suitable and cost-effective living situations. Since its launch, Roomi has targeted urban markets in the United States, including cities like New York, Los Angeles, and San Francisco, where demand for shared housing is high among students, young professionals, and transient populations. The app's user base consists primarily of individuals aged 18-35, who are navigating housing options in competitive rental markets.Roomi generates revenue through a subscription model where users pay for premium features that enhance their experience on the platform. Typical transactions involve users subscribing for additional services like enhanced visibility of their profiles or access to exclusive listings. The pricing structure includes various tiers, allowing users to select plans based on the level of service they require, such as free basic functionality or paid subscriptions for added features. The company focuses on direct-to-consumer sales, ensuring that users can easily access the app and its services without intermediaries. By offering a streamlined approach to roommate matching and housing searches, Roomi effectively positions itself within the growing rental market, aligning its revenue model with the needs of its clientele.In November 2017, Roomi secured USD 11.00 mn in Series A funding led by Atami Capital, which will support their upcoming initiatives. The company plans to enhance its platform by introducing new features to improve user experience, although specific products and release dates are yet to be disclosed. Roomi is also considering expansion into additional urban markets within the US, with a focus on cities experiencing high rental demand. These growth strategies are aimed at leveraging the recent funding to scale operations and broaden their market reach.

## Funding rounds

- Series A, Nov 13, 2017, $11M — DCM, Rosecliff Ventures, Great Oaks Venture Capital, Townsquare Media, JXC Ventures, Atami Capital
- Seed, Jul 28, 2016, $4M — DCM
- Seed, Jun 9, 2015, $2M — DCM, Great Oaks Venture Capital, AngelList, Sand Hill East
- Angel, Dec 31, 2014, $0.7M — Wasabi Ventures, Great Oaks Venture Capital, Sand Hill East

## Investors

- Wasabi Ventures (https://capitalatlas.ai/funds/wasabi-ventures) — Angel
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Angel, Seed, Series A
- Sand Hill East — Angel, Seed
- DCM (https://capitalatlas.ai/funds/dcm) — Seed, Series A
- AngelList — Seed
- Rosecliff Ventures (https://capitalatlas.ai/funds/rosecliff-ventures) — Series A
- Townsquare Media — Series A
- JXC Ventures — Series A
- Atami Capital (https://capitalatlas.ai/funds/atami-capital) — Series A