Roomz.rent, a fast-growing co-living platform based in Cairo, has successfully closed a pre-seed funding round led by regional venture firm Qora71, with participation from a network of Middle East and North Africa (MENA)-based angel investors. The investment marks a significant milestone for the startup as it looks to scale its operations and expand its footprint across the region.
Founded in late 2024, Roomz.rent is on a mission to modernize the rental experience for young professionals, students, and expatriates by offering furnished, fully managed rooms with flexible lease terms starting at just three months. The platform combines technology-driven matchmaking with a focus on community living, helping tenants find compatible flatmates while enjoying hassle-free, affordable housing in urban centers.
Fueling Growth and Regional Expansion
With the newly secured capital, Roomz.rent plans to:
- Enhance its proprietary technology, including its tenant-matching algorithm and property management tools.
- Expand operations across Egypt, starting with Alexandria and other major cities.
- Enter new MENA markets, targeting high-density urban hubs with growing demand for flexible housing.
The company’s long-term vision is to build a tenant-centric, tech-enabled co-living ecosystem that addresses the evolving needs of urban dwellers across the region.
Early Traction and Market Fit
In just under five months since launch, Roomz.rent has facilitated over $100,000 in rental contracts, with average tenant stays lasting nine months—a strong indicator of product-market fit and user satisfaction. The platform’s early success reflects a growing appetite for flexible, community-oriented housing in cities where traditional rental models often fall short.
Voices from the Founders and Investors
Mohamed Ayman, CEO and co-founder of Roomz.rent, emphasized the company’s mission-driven approach:
We believe city living should be accessible, flexible, and centred around community. This funding validates the need for a better rental experience and gives us the resources to scale that vision.
Youssef Salem, General Partner at Qora71, highlighted the broader opportunity:
Urban rentals remain one of the most broken categories in MENA. Roomz.rent is tackling this with impressive traction and a tech-first mindset that understands the cultural nuances of the region.
A New Chapter for Urban Living in MENA
As cities across the Middle East and North Africa continue to grow and attract mobile, digitally native populations, Roomz.rent is positioning itself as a next-generation housing solution—one that blends affordability, convenience, and community through a modern, tech-enabled platform.
With this pre-seed round, the startup is poised to become a key player in the region’s evolving real estate and proptech landscape.
