Pacaso

Pacaso is a real estate technology startup that creates a more accessible category of second-home ownership.

Pacaso helps people buy and own a second home through a property-specific LLC, and reduces the cost and hassle of ownership. Pacaso manages the property and uses proprietary technology to make scheduling easy.

Pacaso was founded in 2020 by Austin Allison and Spencer Rascoff. The company is headquartered in San Francisco, California.

 

Pacaso modernizes the decades-old practice of co-ownership by creating a marketplace that makes buying, owning and selling a second home easy. The platform provides owners with all the benefits of owning a second home without the hassle.

 

Pacaso buys luxury homes, renovates and furnishes them, and then finds up to eight owners to buy a share of the property. The property is then managed through Pacaso’s SmartStay app between the owners who may not know each other.

 

Pacaso manages nearly $200 million worth of real estate on its platform. Pacaso also offers integrated financing, “upscale” interior design, professional property management and proprietary scheduling technology. 

 

Pacaso is backed by Greycroft, SoftBank Group Corp's Vision Fund 2, Global Founders Capital, Fortress Investment Group, First Republic Bank, Maveron, Acrew Diversify Capital Fund, First American Financial, and others. The company raised $125M in a Series C round on Sep 14, 2021. This brrings Pacaso's total funding to $1.45B to date. The new round pushed the company's valuation to $1.5B, from the previous $1B valuation gained after Series B raised in Mar 2021.

 

 

  • Year founded: 2020
  • Funding Info: $1.45B over 5 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at $1.5B as of Sep 14, 2021
  • City/Town: San Francisco
  • State: California
  • Country: United States
Related businesses