US: Zeus Living, which provides furnished homes for professionals, has raised $55 million in Series B funding.
The money was raised from new partners Airbnb, Comcast, CEAS Investments, and TI Platform Management, and existing investors Alumni Ventures Group, Initialized Capital, NFX, and Spike Ventures.
“We make it easy for people to live where opportunity takes them, whether that means moving cities or halfway across the world,” said Kulveer Taggar, CEO and co-founder at Zeus. “But finding housing is stressful and time-consuming for both individuals and employers. As someone who has moved countries four times, I’ve lived through that tension. Zeus Living has built technology to remove complexity from housing, turning it into a service that enables a more mobile world. This new funding enables us to advance this mission on a larger scale.”
Since launching in 2015, Zeus has grown to more than 2,000 homes across the San Francisco Bay Area, Los Angeles, New York, Seattle, and Washington, D.C. On a year-over-year basis, its portfolio of homes has grown 300 per cent. Zeus will use the funds to continue expanding in major metropolitan areas in the US and globally, and to “deepen its tech-led approach to the sourcing, pricing, and management of its homes”.
The company’s clients include Brex, Disney, ServiceTitan and Samsara.
“Modern professionals travel more frequently, stay longer, and seek accommodations that feel like home. As more companies look to Airbnb for Work for extended-stay and relocation solutions, this segment remains a key focus for Airbnb,” said David Holyoke, global head of Airbnb For Work. “Zeus Living delivers an exceptional guest experience at affordable prices in key cities, and we are excited to invest in them to accelerate their growth.”
“As professionals, we all navigate the delicate balance between our professional and personal lives. Our investments in Zeus Living are rooted in so much more than just comfortable housing, but in its potential to help people pursue opportunity without compromising the other parts of their lives,” said Garry Tan, co-founder and managing partner of Initialized Capital and Zeus board member. Initialized Capital is an existing Zeus investor that participated in the Series B round.
Zeus’s average resident stay is three months and many residents have lived with Zeus for six months or longer.
Click here to watch an exclusive SAN video interview with Taggar, shot last week in New York City.</p
