0

UK based flatshare site, SpareRoom, has today announced the acquisition of rival Roomgo (formerly Easyroommate) from Digital Ventures Group. The sale increases SpareRoom’s existing share in the UK and US markets and adds 18 new territories*, creating the world’s largest roommate finding service.

The combined service will operate in 20 countries, in five languages and have just under 40 million global registered users.

“We’re excited to strengthen our position in the US and significantly add to 11+ million global registered users,” explains SpareRoom’s founder and CEO, Rupert Hunt.

National Landlord Investment Show – MPU

“SpareRoom has long been the clear market leader in the UK. This acquisition gives us the platform to do the same in the US and beyond, and gives flatmates across the world the safe, simple and effective service we’re renowned for.”

SpareRoom was founded in the UK by Hunt in 2004, following the success of intoLondon (founded in 1999). The company launched in the US in 2011. Unusually for a high traffic tech company,

SpareRoom remains privately owned with no external funders or shareholders.

“Living with flatmates is a global way of life,” Hunt continues. “Millions of people around the world share their homes and that’s only likely to increase over the coming decade.”

“But it requires a different approach to simply renting or buying a property”.

“Sharing can be a life changing experience, and it’s the people who make or break it, not the property”.

“Finding the right flatmates can lead to you having one of the best years of your life, so at SpareRoom, that’s our focus – helping people around the world find their perfect flatmates”.

SUBSCRIBE
Subscribe to our weekly newsletter
Stay informed with our leading property sector news, delivered free to your inbox. 
Subscribe
Your information will be used to subscribe you to our newsletter and send you relevant email communications. View our Privacy Policy
Property Notify
Property Notify is a leading property sector publisher reporting on breaking news and political changes affecting the UK property industry, in addition to finance, tax and investment coverage we provide a hub to explore, contribute, invest in and celebrate the property industry. - Read more.

    Prohibited Payments: Agents and Tenants Must Remember Their Responsibilities

    Previous article

    Does UK Residential Real Estate Hold the Key to Investment in Later Life?

    Next article

    You may also like

    Comments

    Leave a reply

    Your email address will not be published. Required fields are marked *

    More in News