HomeRoom Analysis: $1M Raised
What is HomeRoom?
HomeRoom provides affordable roommate living with tech-friendly homes, personalized roommate matching, and community events in various U.S. cities.
Employees
25
Founded
2018
Revenue
$4.3M
Product Features & Capabilities
- Lease a room, fine-tuned roommate matching, furnished common areas, tech-friendly homes, fast WiFi, community events, 24/7 support, maid and garden service, affordable rent, flexible leases, renter app for payments and service requests.
Pricing
- Monthly membership fee: $19
- Security deposit: equal to one month's rent
- First month's rent: required upon signing lease
- Service charges:
- $140 utilities pre-payment
- $50 membership fee
- $300 move-in fee
- Renter's insurance fee: $50 if not provided
- Late fee: starts on the 2nd of
How much HomeRoom raised
Pre-Seed - $1M
January 11, 2022Lead Investor: Y Combinator, The Uplift Syndicate, The HO0 Fund
Who are the founders of HomeRoom
Investors
- Y Combinator
- The Uplift Syndicate
- The HO0 Fund
Market Focus
HomeRoom primarily focuses on the real estate and housing market, specifically in the niche of roommate living and shared housing solutions.
Business Model
Revenue from leasing rooms in shared homes, focusing on community and affordability.
Competitors Overview
HomeRoom's main competitors in the roommate living and shared housing market include:
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Colife: Specializes in stylishly furnished co-living spaces, appealing to individuals looking for modern and aesthetically pleasing accommodations.
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Common: Focuses on shared housing with private bed
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