Roomz.rent, Cairo’s first tech-powered co-living platform, has just secured its pre-seed funding round, led by Qora71, a Hub71-based angel syndicate, alongside other early-stage investors. The funding is a major vote of confidence in a startup looking to modernize how young people rent and live in Egypt’s capital, and beyond.
Launched in November 2024, Roomz.rent has quickly made waves in the urban rental scene. In under five months, the startup facilitated over $100,000 in rental contracts, demonstrating both early traction and strong market demand.
Solving Cairo’s Rental Pain Points
Cairo’s rental market has long been a tough landscape, especially for students, young professionals, and expats. Rigid lease terms, expensive upfront costs, and mismatched roommates often make renting a stressful experience.
Roomz.rent addresses these challenges with a flexible, digital-first approach:
- âś… Fully furnished rooms with lease terms starting at just 3 months
- âś… Affordable pricing for cost-conscious tenants
- âś… Tech-powered roommate matching to ensure better compatibility
- âś… End-to-end management of rentals to reduce tenant stress
Think of it as co-living meets smart matchmaking, no awkward roommate surprises, no bureaucratic headaches.
Building More Than Just Housing
Founder and CEO Mohamed Ayman sees Roomz.rent as more than a rental solution. His vision is to build accessible, community-driven urban housing, not only in Cairo but across other major cities.
“We’re not just providing rooms,” Ayman explains. “We’re offering flexibility, affordability, and above all, community. That’s the future of city living.”
With average tenants staying around nine months, the platform is clearly striking the right balance between comfort and convenience.
Why Investors Are Paying Attention
For investors, Roomz.rent is tackling a highly fragmented and underserved space. According to Youssef Salem of Qora71, the urban rental market in MENA is “one of the biggest and most broken categories.” He praised the startup’s ability to blend:
- Strong real estate fundamentals
- Smart, scalable tech integration
- Cultural sensitivity in tenant experience
Salem also noted that Roomz.rent’s early traction is more typical of a startup at a later funding stage, a strong indicator of product-market fit.
A Socially-Driven Business Model
Roomz.rent isn’t just a smart business play, it also delivers real social impact. By offering affordable, well-managed shared housing, it helps:
- Reduce living costs for young renters
- Improve housing access for students, expats, and early-career professionals
- Promote shared living experiences without sacrificing privacy or safety
It’s a welcome alternative in a market where quality, affordable rentals are in short supply.
What’s Next?
Roomz.rent’s pre-seed success sets the stage for its next phase: expansion across Egypt and the wider region. With a growing urban population and rising rental costs, the demand for smart, community-based housing solutions has never been higher.