Industry NewsRentals

Roomi acquires competitor to expand shared housing offerings

Rental and shared housing app grows its user base by more than 25 percent
  • Roommate finding app Roomi announced its acquisition of California-based housemate finder app Room.me.
  • Roomi will take over the Room.me domain name, iOS and Android apps, web products and user base.
  • Future plans for Roomi include an ID verification system, credit checks and updates to a user's history.

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Two competing peer-to-peer roommate search apps are now on the same team, as Room.me was recently acquired by Roomi -- helping the latter grow its user base by more than 25 percent. The New York-based roommate finder is now a more comprehensive tool for the rental and shared housing industry, and it's got plans to build and grow in the near future. Roomi launched out of beta in June 2015 and hit the ground running. Aiming to take the "scariness" out of finding a random roommate, the app debuted to the renters in New York City. Just a little over a year later, and Roomi is now available to renters in major metros such as San Francisco, Los Angeles, Chicago, Houston, Austin, Washington D.C., Miami, Vancouver and Toronto. The company covers 18 major cities overall and has expanded its reach over the past 12 months to 400,000 users, it says. With the acquisition of California-based Room.me, that consumer base will increase to about 500,000. Room.me is active in six c...