San Francisco based corporate housing startup raised $55m at a $205m valuation led by Airbnb. Zeus Living has grown to a $100m revenue run rate with over 2,000 homes under management.
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Zeus living raised $55m from Airbnb at a $205m valuation
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“The opportunity here is huge, consumer spend is going toward housing and everyone needs to stay somewhere. But it’s Kulveer and Zeus’ go-to-market strategy that is impressive,” says Initialized co-founder and managing partner Garry Tan. “Zeus decided to start with corporate rentals, which we believe is the best go-to-market since it is the highest margin, and capital efficiency wins in a space with many competitors. Corporate needs are longer term, consistent and predictable, and partnering with Airbnb strengthens this approach as they expand to build a platform for every city.”
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