Short-term corporate housing company Zeus has raised $55 million in a series B funding round, according to a blog post by the company.
The round was led by TI Platform Management with participation from Airbnb, Spike Ventures, Comcast, CEAS Investments, NFX and Initialized Capital.
Zeus was founded four years ago, and the company said it has had more than 27,000 residents stay for more than 650,000 nights.
“Now, more than ever, the way we live is mobile and increasingly global,” the company said.
“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 neighborhood, 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.”
The company said it has a few goals for the funds. It wants to expand its portfolio of homes to offer more options like a specific neighborhood or a choice in the number of bedrooms. Zeus also wants to move into new cities with the money.
“With this funding, we’ll be able to develop more quickly a selection of homes in new cities and bring on teams ready to take care of our residents and owners,” Zeus said. “Get ready; you’ll see us in more cities soon.”
The company also has plans to invest in new technology to better support its customers.
“We use our tech to make sure we’re signing the correct number of leases in the right neighborhoods, and simultaneously streamlining our internal processes to be increasingly efficient and customer-focused,” Zeus said.
The company grew from a team of three people in 2015 to more than 200 employees throughout six cities on both coasts.
“As the first investor in Zeus, we’re thrilled to see the team go from idea to series B,” said James Currier, managing partner at NFX. “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.”