Zeus Living Revenue, Valuation, Funding & Investors
Zeus Living is valued at $205M as of October 2021.
Last Zeus Living valuation
$205M
Series C · Oct 2021
Last Zeus Living funding round
$55M
Series C · Oct 2021
Zeus Living revenue
$100M
Undisclosed stage · May 2020
Key investors in Zeus Living
Initialized Capital
NFX
Picus Capital
Transpose Platform Management
Y Combinator
Alumni Ventures
About Zeus Living
Zeus Living is a furnished housing manager operating in San Francisco, Seattle, Los Angeles, and Washington, D.C. The company leases and furnishes apartments for corporate relocations, tech startups, and students on flexible 30-day to year-long terms. Zeus Living handles property management for owners, including maintenance and billing, with amenities like high-speed Wi-Fi and weekly cleaning. The platform lists over 5,000 units through its app for instant bookings.
Founded
2015
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Revenue
$100M (May 2020)
Valuation
$205M (Oct 2021)
Zeus Living Valuation
Zeus Living is currently valued at $205M, based on its Series C in October 2021.
The $55M round was led by Susquehanna International Group, with participation from BBQ Capital, Castor Ventures, Initialized Capital, NFX, Eric Wu and 2 other investors.
Zeus Living's valuation has grown 24x from $9M at its seed round in June 2016 to $205M in October 2021, across 4 priced rounds.
Zeus Living valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2021 | Series C | $205M | - |
| May 2020 | Undisclosed stage | $110M | 1.1x |
| Dec 2019 | Series B | $205M | 2.0x |
| Jun 2016 | Seed | $9M | - |
Zeus Living Revenue
Zeus Living's latest recorded revenue is $100M, as of its undisclosed-stage round in May 2020. At a $110M valuation, that implies a 1.1x revenue multiple.
Revenue moved from $100M in December 2019 to $100M in May 2020, while the revenue multiple moved from 2.0x to 1.1x.
Zeus Living revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2020 | $100M | $110M | 1.1x | Undisclosed stage |
| Dec 2019 | $100M | $205M | 2.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Zeus Living Funding History
Zeus Living has raised a total of $142M across 6 funding rounds.
Zeus Living's first fundraising round was a $3M seed round in June 2016. The most recent completed round was a $55M Series C in October 2021.
Zeus Living funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series C | Susquehanna International Group (lead); BBQ Capital; Castor Ventures; Initialized Capital; NFX; Eric Wu; Transpose Platform Management; Miras | $55M | $205M | Zeus Living provides flexible, furnished rentals for stays of one month or longer, initially targeting corporate housing but expanding to individual travelers amid remote work trends during the pandemic. The company partners with homeowners to manage and rent out properties, offering modern booking experiences powered by technology. By October 2021, Zeus Living listed nearly 5,000 homes across 96 U.S. cities including Austin, Miami, Portland, and Philadelphia, with 87% occupancy (up from 82% in 2020) and revpar up 21% year-over-year. Residents had spent over 1.4 million nights, including 811,562 during the pandemic, approaching $250 million in lifetime booking revenue. On October 14, 2021, Zeus Living raised $55 million in a Series C round led by Susquehanna International Group, with participation from Initialized Capital, CEAS Investments, TI Platform Management (Transpose Platform), NFX, Opendoor co-founder Eric Wu, and Miras, bringing total funding to $125 million. The company declined to disclose its current valuation but was valued at $205 million during its prior 2019 raise. Other prior rounds included a $55 million Series B in December 2019 and $15 million in May 2020. Zeus had grown revenue 3-4x annually since 2015 but faced setbacks from COVID-19 layoffs in March 2020, later rehiring some staff to operate with 122 employees. Proceeds from the 2021 round were earmarked for supply expansion due to constraints in existing markets and enhancing online experiences for homeowners and residents. The flexible living model positioned Zeus against competitors like Landing, Blueground, and Lyric in the furnished rental space. At its peak, Zeus reportedly had an annual revenue run rate of about $120 million and valuation over $200 million, though exact figures for 2021 revenue or ARR were not specified using standard terms. The company ceased operations in November 2023. |
| May 2020 | Undisclosed stage | Soros Fund Management; Initialized Capital | $15M | $110M | Zeus Living is a flexible corporate housing platform that provides furnished apartments for extended stays of 30+ days, primarily targeting business travelers and relocating employees. The company partners directly with corporations such as Bird to serve as an alternative to extended-stay hotels, operating across six U.S. metro areas including New York. In May 2020, Zeus Living raised $15 million in a Series C round led by existing investors Initialized Capital Management, CEAS Investments, and Soros Fund Management at a post-money valuation of $110 million. This represented a significant down round from the company's $205 million valuation in December 2019, when Airbnb participated in its Series B financing. The reduced valuation reflected the severe impact of the COVID-19 pandemic on business travel and corporate housing demand. The funding round came amid substantial operational headwinds. In late March 2020, Zeus had announced layoffs affecting 30% of its workforce, followed by an additional 50% reduction in May 2020 as the company adjusted to projected revenues 55% below original expectations. Despite these challenges, Zeus had generated meaningful traction, with residents spending over 1.4 million cumulative nights on the platform by late 2021, and the company approaching $250 million in lifetime booking revenue. |
| Dec 2019 | Series B | Airbnb (lead); Comcast Ventures; Initialized Capital; Alumni Ventures; Spike Ventures; NFX; Employee Stock Option Fund; Picus Capital; Transpose Platform Management; CEAS Investments | $55M | $205M | Zeus Living operates as a corporate housing provider, redecorating landlords' homes and renting them to relocated workers for 30-day or longer stays in major US cities including San Francisco Bay Area, Los Angeles, New York, Seattle, and D.C. The company generates revenue by securing one free month of rent from landlords and marking up rents charged to corporate clients, such as Brex, Disney, ServiceTitan, and Samsara; for example, renting a $4,000/month home for $5,000 yields about $16,000 annual profit per unit. By December 2019, Zeus had achieved a $100 million revenue run rate, with 300% revenue growth that year, 250 employees, over 2,000 homes under management, and hosted 27,000 residents for 650,000 nights total. On December 9, 2019, Zeus Living raised $55 million in a Series B round led by Airbnb, with participation from Comcast Ventures, CEAS Investments, Transpose Platform Management (TI Platform Management), and existing investors Alumni Ventures, Initialized Capital, NFX, and Spike Ventures, at a $205 million post-money valuation. This followed prior raises including a $2.5 million seed, $11.5 million Series A led by Initialized Capital in March 2019, and $10 million in debt financing. The new funds aimed to expand into additional US markets, take initial international steps, refine booking and invoicing technology, and enhance customer care, while integrating listings on Airbnb's platform to leverage synergies in extended-stay accommodations. The investment aligned with growing demand for flexible, home-like housing among mobile professionals and relocating employees, positioning Zeus to capitalize on trends in corporate travel and workforce mobility. Airbnb's involvement through its For Work subsidiary highlighted strategic interest in the segment, noting Zeus's exceptional guest experience at affordable prices. Despite strong early traction and margins, Zeus later faced challenges, raising another $55 million in October 2021 before winding down operations in 2023 amid financial struggles and real estate sector pressures. |
| Dec 2017 | Series A | Initialized Capital (lead); Jeff Seibert; Chang Corporation; Global Founders Capital; NFX; Picus Capital; Wayne Chang; Moso Capital | $12M | - | Zeus Living provides furnished homes for professionals and corporate housing, focusing on flexible, medium-term stays of around three months in major US cities like San Francisco, Los Angeles, New York, Seattle, and Washington, D.C. The company redecorates landlords' properties for relocated workers and has expanded beyond corporate clients to include individuals such as families and healthcare seekers. Initialized Capital led early rounds including seed and Series A, and participated in later financings alongside investors like NFX. Zeus Living raised $11.5 million in a round around December 2017 from investors including Chang Corporation, Global Founders Capital, Initialized Capital, Jeff Seibert, Moso Capital, NFX, Picus Capital, and Wayne Chang, though specific valuation details for this round are not disclosed. Subsequent rounds included a $24 million raise in March 2019 and a $55 million Series B in December 2019 led by Initialized Capital with participation from Airbnb, Comcast, CEAS Investments, TI Platform Management, Alumni Ventures Group, NFX, and Spike Ventures, valuing the company at $205 million. In May 2020, it raised at a $110 million valuation amid pandemic challenges, bringing total funding to over $149 million across nine rounds with 16 investors. The company grew its portfolio to over 2,000 homes with 300% year-over-year expansion by late 2019 and served clients like Brex, Disney, ServiceTitan, and Samsara. It faced setbacks including layoffs in 2020 and a shutdown in November 2023, competing with firms like Domio, Sonder, and Lyric in the flexible housing market. |
| Jun 2016 | Seed | Initialized Capital | $3M | $9M | Zeus Living raised a $2.5 million seed round from Initialized Capital around June 2016. Initialized Capital led the subsequent $11.5 million Series A, with Garry Tan joining the board. The company provides furnished homes for business travelers with minimum 30-day stays, operating in the corporate housing market. Zeus Living expanded to manage homes in cities like San Francisco Bay Area, Los Angeles, New York, Seattle, and D.C. It furnishes properties, handles cleaning and maintenance, and partners with brands for bulk rates. The model involves signing multi-year leases with landlords, getting one free month of rent, and marking up to corporate clients. Later rounds included $24 million in March 2019 at a $45 million revenue run rate with 900 homes, $55 million Series B in December 2019 at $205 million post-money valuation and $100 million revenue run rate, and $15 million in 2020 at $110 million valuation. Zeus Living ceased operations in November 2023. |
| Jun 2016 | Seed | Bowery Capital (lead); Samvit Ramadurgam; Y Combinator; S2 Capital; MetaProp; Picus Capital; Sohail Prasad; Brad Flora | $3M | - | Zeus Living raised a $2.5 million seed round from investors including Bowery Capital in 2016. The company provides furnished housing rentals for startups, students, and companies across cities like San Francisco Bay Area, Los Angeles, New York, Seattle, and D.C. |
Who has invested in Zeus Living?
28 investors have backed Zeus Living across its funding rounds, including Initialized Capital, NFX, Picus Capital, Transpose Platform Management, Y Combinator and Alumni Ventures.
Lead investors include Susquehanna International Group, Airbnb, Initialized Capital and Bowery Capital.
Zeus Living Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | Jun 2016 | |
| San Francisco, CA | 3 | Participant | Dec 2017 | |
 Munich | 3 | Participant | Jun 2016 | |
| San Francisco, CA | 2 | Participant | Dec 2019 | |
| San Francisco, CA | 1 | Participant | Oct 2021 | |
| San Francisco, CA | 1 | Participant | Jun 2016 | |
| San Francisco, CA | 1 | Participant | Dec 2017 | |
| New York City, NY | 1 | Participant | Dec 2017 | |
| San Francisco, CA | 1 | Participant | Jun 2016 | |
| New York City, NY | 1 | Participant | May 2020 | |
| Boston, MA | 1 | Participant | Oct 2021 | |
| United States | 1 | Lead | Dec 2019 | |
| San Francisco, CA | 1 | Participant | Dec 2019 | |
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Start Free TrialZeus Living Competitors
Zeus Living competitors include listed companies like Zublin Immobilien and Riyad REIT Fund, and private ones like SILA Group, HqO, Oru Space and Shanghai Taomao.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Mumbai | Private | $190M | - | $250M | 1.3x | |
| Boston, MA | Private | - | - | $84M | - | |
 London | Private | - | - | $49M | - | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Shanghai Taomao |  China | Private | - | - | $1.3B | - |
 Switzerland | Publicly listed | $12M | $12M | $202M | - | |
 Saudi Arabia | Publicly listed | $73M | $30M | $209M | - |
Zeus Living Public Comps
Zeus Living is still privately-owned, but its public comps include Zublin Immobilien, Riyad REIT Fund, Real Matters, Awfis Space Solutions, Phoenix Spree Deutschland, Trisul, Immobel, Zofri, Aurum Proptech and Alianza Trust Renda.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12M | $12M | 23.4x | - | 23.5x | - | |||
| $73M | $30M | 7.5x | - | 18.6x | - | |||
| $170M | ($3M) | 0.9x | 3.0x | (46.9x) | 84.9x | |||
| $156M | $62M | 2.2x | 2.0x | 5.6x | 5.4x | |||
| $6M | - | 79.5x | 17.9x | - | - | |||
| $268M | $61M | 1.2x | 1.0x | 5.2x | 6.7x | |||
| $384M | $69M | 2.5x | 1.8x | 13.9x | 16.0x | |||
| $60M | $21M | 3.2x | - | 9.0x | - | |||
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Common questions about Zeus Living
| When was Zeus Living founded? | Zeus Living was founded in 2015. |
| Where is Zeus Living headquartered? | Zeus Living is headquartered in San Francisco, CA, United States. |
| Is Zeus Living publicly listed? | No, Zeus Living is a private, VC-backed company. |
| What is Zeus Living's valuation? | Zeus Living was last valued at $205M in its Series C in October 2021. |
| How much funding has Zeus Living raised? | Zeus Living has raised $142M across 6 funding rounds. |
| What was Zeus Living's last funding round? | Zeus Living's last funding round was a $55M Series C in October 2021, led by Susquehanna International Group. |
| Who are Zeus Living's investors? | Zeus Living's investors include Initialized Capital, NFX, Picus Capital, Transpose Platform Management, BBQ Capital, Samvit Ramadurgam, Jeff Seibert, Chang Corporation, Y Combinator, Soros Fund Management and 18 others. |
| What is Zeus Living's revenue? | Zeus Living's latest recorded revenue is $100M (May 2020). |
| What is Zeus Living's revenue multiple? | Zeus Living's latest valuation implies a 1.1x revenue multiple ($110M valuation on $100M of revenue). |
| Which companies are comparable to Zeus Living? | Companies comparable to Zeus Living include SILA Group, HqO, Oru Space, Shanghai Taomao, Zublin Immobilien and Riyad REIT Fund. |
See companies similar to Zeus Living
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="28" height="28" viewBox="0 0 28 28"><rect fill="%23e5e7eb" width="28" height="28" rx="6"/></svg>){kind=small}
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