HomeRoom

Acquired

We Rent Your Property by the Room. You earn 50% more Rent.

San Jose, United States · Founded 2018 · $4.5M raised

Employees
11–50
Founded
2018
Total Funding
$4.5M
Last Round
$1.0M Pre-SeedJan 2022
Rounds
2

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

Indexed holds 2 funding rounds and 5 investors for this company. The full record is or through the API.

About

Homeroom helps investors provide affordable housing while making a 22% ROI. We do this by sourcing properties, arranging capital, managing construction, vetting tenants and collecting rent by the room. To date, Homeroom has brought on 85 property investors, growing 6X annually, are bringing in 420K in annualized net-revenue How it works: We help investors buy homes in cities that are attractive to young people, but lack affordable housing options. We then renovate and after about 20 days, the home is ready and we find qualified renters by the room. We launched in 2018 in Kansas City with 1 home. We now have 105 homes in 31 cities. In 2021, we grew rental GMV to $1.8M (300% YoY growth). Our average rent across every property is $458, which is about 50% lower than market comps, and our investors see returns up to 50% higher. We are HomeRoom. Johnny is the financial analyst/domain expert. Thomas is a cereal entrepreneur with a PHD in ML, and Mike hacked growth for Airbnb and Facebook.

Summary

HomeRoom is an Artificial Intelligence company based in San Jose, United States, founded in 2018. It has raised $4.5M in total across 2 rounds, most recently a $1.0M Pre-Seed round in Jan 2022. Investors include Y Combinator, Forerunner Ventures and Felicis Ventures.

Tech & App Stack

1 technology or app tracked

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Funding History

Pre-seedPre-SeedJan 2022
$1.0M

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Funding: Seed through Pre-Seed. Amounts, valuations, and investors where available.

Investors

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