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HomeRoom
Residential real estate platform
- 21-100 employees
- B2C
- Marketplace
- Renting
- Real Estate
- Ridge View Heights, Prairie Village, KS
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Company mission
To change the way people rent.
Our take
On a mission to solve the affordable housing crisis, Kansas-based HomeRoom offers a residential real estate marketplace platform for room-by-room rentals. Renting costs in the US currently is extortionate and HomeRoom believes that increasing rental utilization of existing assets is the solution.
HomeRoom is unique in that it allows investors to become the landlord for rental properties. The platform sources properties in cities that are appealing to young people. It then arranges construction, finds tenants and collects rent. It sells the properties to investors but then leases rooms on their behalf, offering a turnkey and high-yield experience for investors, whilst generating affordable housing for future tenants.
The company received backing from Y-Combinator, the same body that advised and invested in Monzo, Stripe an Airbnb in their early stages. With this funding, HomeRoom wants to expand into every major metro in the US, with the goal of housing 50,000 people by 2024.
Freddie
Company Specialist at Welcome to the Jungle
Funding (2 rounds)
Jan 2022
$1.4m
SEED
Jun 2019
$0.5m
SEED
Total funding: $1.9m
This company has top investors
Leadership
Johnny Wolff
(CEO)Previously served as Director of Finance & Operations for Safe Harbor Compliance and Clinical Services, Vice President of FP&A and People Analytics for BNP Paribas, and as Finance & Sales Operations Manager for GuideSpark.
Michael Tich
(Vice President of Growth)Previously served as Marketing Data Science Manager for Cameo, Marketing Science Partner for Facebook, Host Paid Growth Team lead for Airbnb, and as Head of Digital Marketing & Marketing Analytics for iCracked.
Thomas Hornbeck
(CTO)Currently acts as Managing Director for Ethos Fund. Previously co-founded and acted as CTO for Distynct, a position also held for FarmlandFinder.