Egypt: Co-living platform raises pre-seed round
Roomz.rent, a co-living platform in Cairo, has raised a pre-seed round led by Qora71.
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Roomz.rent, a co-living platform in Cairo, has raised a pre-seed round led by Qora71, alongside a group of regional angel investors.
The funding will enable the company to enhance its technology offering, scale operations across Egypt, and expand into other cities in the Middle East and North Africa.
Founded in late 2024, Roomz.rent offers furnished rooms with flexible lease terms starting at three months – targeting young professionals, students, and expats. The platform leverages proprietary technology to match tenants with compatible flatmates and provides fully managed living spaces, combining convenience, affordability, and community.
Since launch, Roomz.rent has facilitated over $100,000 in rental contracts in under five months, with average stays lasting nine months – demonstrating strong product-market fit and early adoption. The platform’s long-term vision is to transform the co-living experience in urban centres across the region by building a modern, tenant-centric housing model.
Commenting on the raise, Mohamed Ayman, CEO of Roomz.rent, said: “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.”
Qora71’s Youssef Salem added: “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.”
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