Led by private business angels from LBAN, the funds from their second round of investments will help the PropTech further develop its Property Management solution, accelerate the digital transformation of the local real estate sector and support their R&D activities.
Known for its popular app RoomMate and its property management software Estelle, RoomMate has continued its upward trajectory in 2022.
The closing of their most recent investment round shows this and reflects its European growth ambitions and the role it hopes to play in the digitalisation of the real estate sector.
“The ICT sector in the real estate industry in the coming years will inexorably face an important digital transformation and a global consolidation process, certainly in Europe. Investments in R&D, UX/UI, integration, and customer assistance are vital to maintaining competitiveness,” says CEO Mattia Raffaelli.
Having just introduced its new Channel Manager, RoomMate now offers a service that helps landlords manage their vacancies and increase their occupancy rates. The Channel Manager not only ensures increased occupancy rates but also gives a unique profile and shareable link to each housing unit.
With international real estate players such as SpotaHome, UniPlaces, and HousingAnywhere on board since 2021, RoomMate has been able to fine-tune its fully integrated property management solution to fit the market players’ needs.
By The Numbers
Having optimized landlords’ workflows has led to a 92.8% occupancy rate and an average of €2 million in collected rent. Furthermore, RoomMate has enabled 81% of their clients to increase their portfolio.
Already present in Luxembourg, Italy, Spain, France and the DACH region, RoomMate hopes to enlarge its customer base next year and explore new business avenues.
