Zeus Living manages, curates and furnishes homes and rents them for flexible 30+‑day stays, handling design, inspections, utilities and property management rather than operating as a marketplace. It began by serving relocated corporate workers and has broadened to consumers seeking flexible living for extended family visits, healthcare stays and home renovations. The company operates nearly 5,000 homes across 96 U.S. cities, with 87% occupancy and a 21% year‑over‑year increase in revpar; residents have spent over 1.4 million nights with Zeus and the platform is approaching $250M in lifetime booking revenue. Demand trends include a 6x increase in open‑ended leases (average stay 129 nights) and roughly $40M of unmet demand over the past 12 months. Zeus has 122 employees and has rebuilt after pandemic layoffs while growing revenue multiple‑fold since its 2015 start. The new capital will be used to expand supply in constrained markets and to invest in its online experience for homeowners and residents. Zeus Living operates a corporate-housing marketplace that furnishes landlords’ homes and leases them for month-or-longer stays to individuals and employees of large companies. The San Francisco-based company is led by CEO Kulveer Taggar and manages more than 2,000 homes. With corporate travel depressed by the pandemic, Zeus has rented units to health‑care workers and people leaving dense cities; its occupancy rate is tracking above 70% so far this month. The company lists corporate partners including GitHub, Samsara Networks, Willkie Farr & Gallagher and ServiceTitan. Zeus has cut staff amid the downturn, laying off about 80 workers (roughly 30% of its headcount). Zeus Living takes over landlords’ apartments, furnishes them with branded amenities, handles maintenance and operations, and rents them to relocated workers for 30‑day stays or longer. The company charges landlords one free month of usage and marks up the customer rent to generate revenue. In four years it scaled to a $100 million revenue run rate, growing revenue 300% in 2019, and now operates with roughly 250 employees and more than 2,000 homes under management. To date it has hosted about 27,000 residents for a total of 650,000 nights. Zeus emphasizes high margins and capital efficiency by focusing on corporate rentals, and reports high 70s NPS scores. Planned product and operational investments include expanding to more neighborhoods and cities, revamping booking and invoicing tools for enterprise partners, improving real estate sourcing, and investing in customer care. Zeus operates a managed corporate-housing business that signs multi-year leases with homeowners, furnishes and maintains properties, and places multi-month tenants from employers. The company has grown to a $45 million revenue run rate from 900 homes across 23 cities, up 5X year-over-year, supported by a 150-person team and a 90% occupancy rate. Zeus sources tenants via Airbnb listings and direct employer relationships (examples include Darktrace and ZS Associates) and provides tenants with digital locks and 24/7 support. It partners with consumer brands like Helix, Parachute and Simple Human to bulk-procure furnishings and recently took on debt to fund fixed furniture investments. Zeus typically signs minimum two-year leases with landlords (seeking five-year extensions when possible) and captures standard property-manager economics such as the first free month; the article gives an example where Zeus leases a home for $4,000/month, pays the landlord $44,000 after a year and rents it for $5,000/month to earn $60,000. Future plans described include rolling up more homes, building a landlord portal and expanding partnerships or in-house divisions for cleaning and furnishing to scale operations.

Total raised

$147M

Funding rounds

6

Latest round

Equity

Latest activity

Oct 2021