For Immediate Release:
Contact: Steve Dubin, (781) 878-9533, sdubin@prworkzone.com
MAJOR FUNDING OPENS NEW DOORS
FOR ROOMMATEACCESS.COM AND APARTMENTACCESS.COM
DATELINE: BOSTON, MA, ISSUED: DECEMBER 26, 2000…
LifeAccess.com, the parent company of RoomMateAccess.com and ApartmentAccess.com based in Boston and serving more than 250 cities across the U.S., has received substantial venture funding from Provident Capital Partners, LLC.
The initial capital infusion was $1.2-million. A second round of investment is already committed based on a pre-money valuation of $10-million for the fast-growing Internet based company.
“Although many investors are running away from dot com ventures, we see RoomMateAccess.com and ApartmentAccess.com as a business model which is already profitable and accepted by a general public that is desperate to simplify the roommate and apartment finding function,” noted Robert Ciardi, Managing Partner of Provident Capital Partners, a Boston-based investment banking and venture capital firm.
Today’s young professionals are scrambling to locate and afford lodging within the city limits and beyond. As more people call major cities “home,” the race to locate and afford lodging is extremely competitive. With rent increasing over the past three years to phenomenal rates, even a humble studio apartment is both a challenge to find and afford for many young professionals. Fortunately, RoommateAccess,