Airbnb invests in corporate housing company Zeus Living
Zeus Living offers long-term corporate housing in the San Francisco Bay area, Los Angeles, Seattle, Washington, D.C., and New York
Airbnb has invested in another real estate company.
The online vacation rental platform was one of several companies to invest in Zeus Living, a company that offers furnished, long-term housing rentals.
Zeus raised $55 million in its Series B round with funding from Comcast, CEAS Investments and TI Platform Management -- as well as Airbnb -- the company announced via TechCrunch on Monday.
Alumni Ventures Group, Initialized Capital, NFX and Spike Ventures are existing investors in Zeus, the website said.
The company has raised a total of $79.1 million in venture capital, according to Crunchbase.
“I fundamentally believe that a lot of human potential is bound by location,” Zeus CEO and co-founder Kulveer Taggar told TechCrunch. “At Zeus, we’re deeply committed to making it easier for people to live where opportunity takes them.”
According to Zeus’ website, the company offers fully furnished homes in the San Francisco Bay area, Los Angeles, Seattle, Washington, D.C. and the New York metro for business people who need somewhere to stay for 30 days or longer.
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In a press release, the company said it works with individual clients as well as bigger companies including Brex, Disney, ServiceTitan and Samsara.
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nd even though Airbnb has its own branch for people who need rentals for business travel -- Airbnb for Work -- the company still chose to invest in Zeus Living.
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“Modern professionals travel more frequently, stay longer, and seek accommodations that feel like home," David Holyoke, global head of Airbnb For Work, said in a statement. "As more companies look to Airbnb for Work for extended-stay and relocation solutions, this segment remains a key focus for Airbnb. 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.”