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SpareRoom to dedicate $6m to US expansion

Flatmate matching service SpareRoom will be expanding across various cities in the US.

Founded in 2004 in the UK, SpareRoom is already available to customers in New York, San Francisco and Los Angeles.

The company is now seeking to target additional cities including: Boston, Chicago, Dallas, Detroit, Las Vegas, Miami, Philadelphia, Phoenix, San Diego, Seattle and Washington DC.

SpareRoom CEO and founder Rupert Hunt, who will be relocating to New York from the UK to oversee his company’s expansion, said:

 “We’ve already launched SpareRoom in New York, San Francisco and Los Angeles. Our user numbers have more than doubled this year as people look for a better way to find flatmates; one that puts people matching first.”

SpareRoom will be investing $6m of its own money to fund its expansion.

“We chose to fund the expansion ourselves as SpareRoom was bootstrapped from the start. I firmly believe that putting your customers’ needs first, rather than those of investors or shareholders, makes for a far better user experience,” concluded Hunt.

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