Initialized Capital led the round
Corporate housing startup Zeus has raised an $11.5 million Series A round led by Initialized Capital. This brings their total funding to $24 million. The startup also raised $10 million in debt to pay for fixed costs like furniture, according to TechCrunch who first reported the news.
What they do: Zeus leases unfurnished privately owned homes and converts them to corporate housing units. Airbnb serves as their primary lead generator to find willing homeowners.
Competition: The startup has an uphill battle as it faces stiff competition from established companies like Oakwood, Barbary Coast, as well as newer players UrbanDoor, Dumio, Blueground, and MagicStay.