As Airbnb prepares to go public in 2020, it just announced that it is backing corporate housing provider Zeus Living.
Comcast, CEAS Investments, TI Platform Management, Alumni Ventures Group, Initialized Capital, NFX and Spike Ventures also participated in the $55 million Series B round.
The latest funding brings Zeus’s total funding to date to over $79 million.
Zeus, which was founded in 2015, offers extended-stay housing to business travelers in the San Francisco Bay Area, Los Angeles, New York, Seattle and Washington, D.C.
Funds from the round will enable the company to expand its portfolio of furnished homes for stays of 30 days or longer and to deepen its technology platform.
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Since 2015, Zeus has hosted more than 27,000 travelers for a total of 650,000 nights.
Kulveer Taggar, CEO and co-founder at Zeus, says the company “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."
Zeus lists its available homes on its website and on Airbnb’s platform.
“As more companies look to Airbnb for Work for extended-stay and relocation solutions, this segment remains a key focus for Airbnb,” says 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.”
This isn’t the only startup that Airbnb backed in 2019. The company also invested $160 million in hospitality platform Lyric and $60 million in ticketing platform Tiqets.