Cairo - Sharikat Mubasher: Roomz.rent, the region’s first dedicated co-living platform based in Cairo, raised a pre-seed funding round led by Qora7, a Hub71-based angel investor syndicate, and other angel investors, a recent statement revealed.
The platform provides hassle-free, affordable, and flexible long-term room rentals starting from three months, addressing the common struggles facing renters in urban cities, such as high rental costs, rigid lease terms, and the difficulty of finding compatible flatmates.
By intelligently matching tenants with ideal flatmates and offering fully managed accommodations, Roomz.rent drives real societal impact by helping young professionals, expats, and students cut their rental costs in half, without compromising comfort, privacy, or quality of living.
CEO Mohamed Ayman emphasized Roomz.net’s mission to make city living accessible to everyone. “Roomz.rent creates a new standard of urban living, one where flexibility, community, and affordability come built-in. Cairo is just the beginning.”
Meanwhile, Youssef Salem, Director of Qora71, said: “Roomz.rent is tackling one of the biggest and most broken categories in MENA, urban rentals. It is a unique blend of real estate operations, tech-enabled matching, and cultural relevance. In just months, they’ve shown traction and discipline we usually see at a later stage than pre-seed.”
Roomz.rent aspires to broaden its business in Cairo first, then expand across the region one city at a time, bringing a smarter way of living to urban centers across MENA.
Since its launch in November 2024, Roomz.net has sold over $100,000 worth of contracts in less than five months, with an average stay of nine months per contract.
