The Real Deal New York

Roommate-matching startup Roomi raises $11M in Series A round

Atami Capital led the round
By Konrad Putzier | November 13, 2017 09:04AM

Dan Keegan and Ajay Yadav

Online roommate finder Roomi raised $11 million in a Series A round, as investors continue to pile into shared-living startups.

Atami Capital led the round, which also included Rosecliff Ventures, Townsquare Media, JXC Investors, Great Oaks Venture Capital and DCM. Citigroup executive Dan Keegan, former Trulia president Paul Levine and Global Switch CEO John Corcoran also invested, the company announced Monday.

The Series A round brings Roomi’s total funding to $17 million. Founded in 2015 by Ajay Yadav, the company runs an app that’s a bit like a Tinder for roommates: Users can browse through photos and personal details of potential roommates and message each other.

The company claims to have 1,200 daily active listings and more than 1 million registered users. It is also launching a crowdfunding campaign with a goal of $1 million, inviting its users to buy shares.

Amid rising urban housing costs and demographic shifts, more Americans are choosing shared living arrangements with non-relatives, and Roomi isn’t the only online startup looking to capitalize on that. For example, Common, which manages buildings where customers can rent rooms in shared, furnished apartments, raised $16 million in a funding round last year and is backed by the LeFrak and Milstein families.