Airbnb Invested In Travel Accommodation Startup Zeus Living

Image
Zeus Living

Zeus Living, the San Francisco-based company which provides longer stay solutions during corporate meets and business travels has announced that it has secured $55 million in Series B financing round led by Airbnb. The capital also comes from backers that include Spike Ventures, Comcast, CEAS Investments, NFX, and Initialized CapitalEarlier in the year, the firm had raised $10 million as part of a debt financing in March. The current infusion takes the total amount raised by the firm to $79.1 million.

Founded in 2015 by Joe Wong, Kulveer Taggar, and Srini Panguluri, the platform claims to have helped more than 27,000 residents stay for more than 650,000 nights in the Bay Area, Seattle, Los Angeles, and Washington, D.C.

The firm through a statement said that “Now, more than ever, the way we live is mobile and increasingly global. We travel more for work and stay for longer periods of time. Family is dispersed around the country and the world, and we want it to be easy to visit loved ones during important moments in our lives. We want to effortlessly try out a new city, a new neighbourhood, and a new life without the hassle and stress of relocation. That’s why we make it easy for people to live where opportunity takes them.”

James Currier, managing partner at NFX who were one of the first backers of Zeus said that “As the first investor in Zeus, we’re thrilled to see the team go from idea to series B. Residential real estate is one of the world’s largest markets. And by addressing all sides of the housing marketplace — tied in with software — Zeus is positioning itself for strong network effects and defensibility.”

 

Image Courtesy : Fox Business

Add new comment

About Author