Egyptian co-living platform Roomz rent has announced the successful closure of a pre-seed funding round led by Qora71, alongside a network of angel investors. The startup aims to revolutionize urban living across the Middle East and North Africa by offering flexible, affordable shared accommodation solutions starting from just three-month contracts.
By the Numbers
• $100,000+ in contract sales achieved in less than five months
• 9 months average stay duration per contract
• 3 months minimum rental period offered
• Founded in 2024 as the region’s first co-living platform
A Strategic Move for Urban Living
Roomz rent’s funding success comes at a crucial time when urban accommodation challenges are intensifying across MENA cities. The platform addresses common rental pain points including high costs, complex lease terms, and the difficulty of finding compatible roommates. By securing this investment from Qora71 and angel investors, the company is positioned to scale its operations and meet growing demand for flexible living solutions.
How the Platform Works
The Cairo-based startup operates as the region’s first dedicated co-living platform, offering fully-managed shared accommodation with streamlined rental processes. The platform uses intelligent matching algorithms to pair tenants with ideal roommates, while providing professionally managed living spaces. Unlike traditional rentals that often require year-long commitments and complex documentation, Roomz rent offers contracts starting from just three months, making it accessible to young professionals, students, and digital nomads.
Rapid Growth and Market Validation
Since its launch in 2024, Roomz rent has demonstrated impressive traction. The platform’s ability to generate over $100,000 in contract sales within five months validates the strong market demand for co-living solutions in Egypt. With an average stay duration of nine months per contract, the startup has proven its model creates stable, long-term value for both tenants and property owners.
Expansion Plans Across MENA
The company plans to first consolidate its presence in Cairo before expanding to other major cities across the region. This measured approach will allow Roomz rent to refine its operations and build a strong foundation before scaling. The vision is to introduce smarter urban lifestyle solutions in city centers throughout the Middle East and North Africa, addressing the universal challenges of urban accommodation.
Significance for the MENA Ecosystem
As the first co-living platform in the region, Roomz rent is pioneering a new category in the MENA proptech sector. The successful funding round signals growing investor confidence in innovative real estate solutions that cater to changing demographics and lifestyle preferences. The platform’s model aligns with global trends toward flexible living arrangements while addressing specific regional needs.
Looking Ahead
With fresh capital and proven market fit, Roomz rent is well-positioned to transform how young professionals and students approach urban accommodation in MENA. The startup’s focus on flexibility, affordability, and community-building through shared living spaces represents a significant shift in the regional real estate landscape. As the company expands beyond Cairo, it could set new standards for urban living across the Middle East and North Africa.
Source: Jawlah
