Roomz.rent, a Cairo-based startup launched in November 2024, has announced the successful closure of its pre-seed funding round. The round was led by Qora71, an angel investor syndicate affiliated with Hub71, alongside other regional backers. While the investment amount remains undisclosed, Roomz.rent’s early performance highlights significant traction and validates its vision for tech-enabled co-living across the Middle East and North Africa.
Reimagining Rentals for a New Generation
Roomz.rent is the first tech-enabled co-living platform in the region, offering fully managed, flexible long-term room rentals starting from just three months. The platform leverages AI to match tenants with compatible flatmates and simplifies the leasing process through digital tools, directly addressing common urban rental frustrations. These include unaffordable prices, rigid lease agreements, and the difficulties of finding suitable roommates in crowded city markets.
Impressive Traction in Under Five Months
In less than five months since launch, Roomz.rent has generated over $100,000 in rental contracts, with users staying an average of nine months—well above short-term norms. This strong demand among young professionals, expats, and students reflects the platform’s alignment with urban needs for affordability and community. With services focused initially in Cairo, the startup plans to expand city-by-city across the region to meet rising demand.
Empowering Affordability Without Compromise
The company promises up to 50% savings on rental costs, without sacrificing comfort, privacy, or modern living standards. Through its model of shared yet well-managed accommodation, Roomz.rent aims to empower those who are typically priced out of quality housing in major cities. This mission supports not only individual renters but also broader goals of financial accessibility and social connection in increasingly isolated urban environments.
Backing from Experienced Investors
The investment by Qora71 signals confidence in Roomz.rent’s operational model and cultural resonance. Youssef Salem, Director at Qora71, highlighted the startup’s rare blend of real estate execution, tech-driven solutions, and market insight, stating that the team demonstrated a level of discipline and traction uncommon at this early stage. This support is expected to help Roomz.rent scale efficiently and expand across key urban markets in MENA.
Positioned for Regional Growth
With its Cairo pilot showing strong retention and revenue per user, Roomz.rent is now setting sights on further regional rollout. Target cities will be those grappling with urban density, affordability pressures, and a lack of viable rental solutions for transient or early-career residents. As cities across MENA face these housing dilemmas, Roomz.rent sees an opportunity to lead a movement toward smarter, more flexible urban living.
According to CEO and co-founder Mohamed Ayman, Roomz.rent is not just solving rental inefficiencies—it’s shaping a new standard of living. The goal is to create vibrant, accessible urban communities where flexibility, design, and social connection are the norm, not the exception. As the startup prepares for its next phase of growth, its vision remains clear: to make city living more inclusive, affordable, and human-centered across the MENA region.