Roomz.rent raises pre-seed round led by Qora71
Egypt-based Roomz.rent has secured pre-seed funding led by Qora71 (Hub71 angel syndicate), with participation from additional regional angel investors.
Founded in 2024 by Ahmed Mandour and Yasser AlSarrag, Roomz.net offers furnished rooms on flexible leases, powered by AI-based matching that pairs tenants with compatible flatmates—streamlining the city living experience.
The funding will be used to scale operations in Egypt, enhance platform capabilities, and expand to new urban markets across MENA, building a regional co-living brand.
Press release:
Roomz.rent, Cairo's first dedicated co-living platform, has successfully raised a pre-seed round led by Qora71, the Hub71-based angel syndicate, 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 MENA cities.
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:
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