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- Pacaso
Pacaso Revenue, Valuation, Funding & Investors
Pacaso is valued at $1.5B as of September 2021, a 4.5x multiple on its last reported $330M revenue.
Last Pacaso valuation
$1.5B
Series C · Sep 2021
Last Pacaso funding round
$73M
Undisclosed stage · Oct 2025
Pacaso revenue
$330M
Series C · Sep 2021
Key investors in Pacaso
Global Founders Capital
Jeffrey Wilke
SoftBank Group
Greycroft
Maveron
Acrew Capital
About Pacaso
Pacaso is a San Francisco-headquartered marketplace for fractional ownership of vacation homes. Founded in 2020, it facilitates purchases of 1/8 to 1/2 shares in luxury properties in destinations like Napa Valley, Aspen, and Paris. Pacaso manages LLCs, properties, and app-based scheduling for owners. The platform expanded to the UK in 2022, handling resales and concierge services.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$330M (Sep 2021)
Valuation
$1.5B (Sep 2021)
Pacaso Valuation
Pacaso is currently valued at $1.5B, based on its Series C in September 2021.
The $125M round was led by SoftBank Group.
Pacaso's valuation has grown 1.5x from $1B at its Series B in March 2021 to $1.5B in September 2021, across 2 priced rounds.
Pacaso valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2021 | Series C | $1.5B | 4.5x |
| Mar 2021 | Series B | $1B | 3.0x |
Pacaso Revenue
Pacaso's latest recorded revenue is $330M, as of its Series C in September 2021. At a $1.5B valuation, that implies a 4.5x revenue multiple.
Revenue moved from $330M in March 2021 to $330M in September 2021, while the revenue multiple moved from 3.0x to 4.5x.
Pacaso revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2021 | $330M | $1.5B | 4.5x | Series C |
| Mar 2021 | $330M | $1B | 3.0x | 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.
Pacaso Funding History
Pacaso has raised a total of $325M across 5 funding rounds.
Pacaso's first fundraising round was a $17M Series A in October 2020. The most recent completed round was a $73M undisclosed-stage round in October 2025.
Pacaso funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Undisclosed stage | - | $73M | - | Pacaso is a tech-enabled marketplace for co-owned luxury vacation homes, founded in 2020 by former Zillow executives Austin Allison and Spencer Rascoff. It enables buyers to purchase ownership shares from one-eighth to one-half in high-end properties in destinations across the U.S., Mexico, Europe, and the Caribbean, with professional management, scheduling, maintenance, and resale support. The company closed an oversubscribed SEC-qualified Regulation A+ growth round on October 2, 2025, raising $72.5 million from over 17,500 individual investors, marking the largest real estate Reg A+ offering of 2025 and one of the few to exceed $70 million. This followed a $35 million tranche in July 2025 from 10,000+ investors, bringing total equity funding above $300 million, up from over $270 million pre-2025 and $217 million prior. The round leveraged Regulation A+ to broaden investor access beyond accredited individuals, powered by DealMaker's platform, and emphasized community alignment with retail investors evangelizing the brand. It built on prior venture rounds, including a $125 million Series C in September 2021 led by Greenoaks Capital and DST Global at $1.5 billion valuation, and institutional backers like Fifth Wall, Greycroft, Maveron, and Howard Schultz. Additional financing included a $100 million credit facility from Texas Capital Bank in September 2025. Pacaso reserved Nasdaq ticker 'PCSO', signaling long-term public market ambitions. Traction includes facilitating over $1.2 billion in transactions and service fees lifetime, generating more than $138 million in lifetime gross profit as of October 2025 (up from $110 million as of July 2025), and expansion to 40+ destinations with new international listings in London, Paris, Italy, and the Caribbean. The 2025 rounds demonstrated resilience in a tough venture environment, with 90% first-time Reg A+ participants, de-risking the model for institutions by proving broad market appeal. |
| Jul 2025 | Undisclosed stage | - | $35M | - | Pacaso is a tech-enabled marketplace for co-owned luxury vacation homes, founded in 2020 by Austin Allison and Spencer Rascoff, allowing buyers to purchase ownership shares from one-eighth to one-half with professional management, scheduling, maintenance, and resale support. On July 31, 2025, Pacaso raised over $35 million from more than 10,000 individual investors in an SEC-qualified Regulation A+ Tier 2 offering, described as among the largest real estate raises of its kind, exceeding the historical average of $12.5 million. This brought total funding since inception to over $270 million across four rounds, backed by investors like Fifth Wall, Greycroft, Maveron, and Howard Schultz. The round followed the launch of financing in late 2024 and included reserving the Nasdaq ticker 'PCSO'. Pacaso has facilitated over $1 billion in transactions and service fees, generating more than $110 million in lifetime gross profit as of July 2025. The company has expanded to 40+ destinations in the U.S., Mexico, and Europe. Subsequent raises included a $72.5 million oversubscribed Reg A+ round closed October 2, 2025, from 17,500+ investors, pushing total equity funding over $300 million, and a $100 million debt financing in September 2025 from Texas Capital Bank. Earlier rounds include a Series B in March 2021 raising $75 million at a $1 billion valuation and a $1 billion conventional debt round in 2021 at $1.5 billion valuation. Pacaso's growth emphasizes Reg A+ to access retail investors alongside VCs, positioning it as a leader in luxury co-ownership amid surging demand. |
| Sep 2021 | Series C | SoftBank Group (lead) | $125M | $1.5B | Pacaso is a real estate platform enabling co-ownership of luxury second homes, allowing multiple buyers to purchase shares in high-end properties in destinations like Napa, Lake Tahoe, Aspen, Malibu, Miami, and Vail. On September 14, 2021, it announced a $125 million Series C funding round led by SoftBank Vision Fund 2, with participation from Fifth Wall, Gaingels, Greycroft, Global Founders Capital, Crosscut, and 75 & Sunny Ventures, bringing total equity funding to over $215 million and post-money valuation to $1.5 billion. At the time of the round, Pacaso reported an annualized revenue run rate of $330 million and managed nearly $200 million in real estate on its platform. In Q2 2021, its website and mobile app recorded 1.8 million visits, up 196% from Q1. The company had doubled its domestic market reach to 25 top second home destinations and planned international expansion to Spain by year-end, with further markets like Mexico and the Caribbean on the roadmap. Co-founded by former Zillow executives Austin Allison and Spencer Rascoff, Pacaso generates revenue through a 10% markup on home prices when selling shares to ownership groups and a 1% fee for property management and scheduling. The funding was intended to accelerate U.S. growth, enhance technology, and support global expansion, positioning Pacaso as a pioneer in the co-ownership model amid rising remote work trends. |
| Mar 2021 | Series B | Global Founders Capital (lead); Greycroft (lead); Acrew Capital; Donna Harris; First American Financial; Kathleen Hale; Moonshots Capital; Jeffrey Wilke; Beyond Capital; Shea Ventures | $75M | $1B | Pacaso is a real estate platform that enables individuals to co-own second homes by purchasing fractional stakes in properties listed on its marketplace. Founded in October 2020 by former Zillow executives Austin Allison and Spencer Rascoff, the company allows buyers to own between one-eighth and half of a home while splitting ownership with other co-owners. Pacaso creates a property LLC for each home and manages all sales details, co-owner matching, and occupancy scheduling to ensure 100 percent collective ownership at closing. In March 2021, Pacaso raised $75 million in Series B funding led by Global Founders Capital and Greycroft Partners. Additional investors included Acrew Diversify Capital Fund, First American Financial, and Shea Ventures, along with prominent angel investors such as Jeff Wilke, former CEO of Amazon Worldwide Consumer. This round valued the company at $1 billion, making Pacaso the fastest U.S. company to achieve unicorn status—reaching the milestone in just six months after its October 2020 launch. Including its earlier $17 million Series A, the company had raised $90 million in total equity financing by this point, plus $1 billion in debt financing. By September 2021, Pacaso announced a $125 million Series C led by SoftBank Vision Fund 2 that increased the valuation to $1.5 billion. At that time, the company had achieved an annualized revenue run rate of $330 million and managed nearly $200 million in real estate on its platform. The company demonstrated profitability earlier than typical for startups, with Q1 results showing sustained EBITDA profitability. More than 60,000 prospective buyers had engaged with the platform since launch, and the company expanded its listings across more than 25 top second home destinations in the U.S., including Napa, Lake Tahoe, Aspen, Malibu, Miami, and Vail. |
| Oct 2020 | Series A | Maveron (lead); Howard Schultz; Global Founders Capital; Jeffrey Wilke; Crosscut Ventures; Tom Ferry | $17M | - | - |
Who has invested in Pacaso?
15 investors have backed Pacaso across its funding rounds, including Global Founders Capital, Jeffrey Wilke, SoftBank Group, Greycroft, Maveron and Acrew Capital.
Lead investors include SoftBank Group, Global Founders Capital, Greycroft and Maveron.
Pacaso Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Oct 2020 | ||
| 1 | Lead | Sep 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Mar 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPacaso Competitors
Pacaso competitors include listed companies like CarTrade Tech and eFinance, and private ones like Roofstock, NoBroker, ZigBang and Bucketplace.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.9B | - | ||
| Private | $65M | - | $1B | 15.4x | ||
| Private | $80M | - | $2B | 25.4x | ||
| Private | $181M | - | $1.4B | 7.7x | ||
| Publicly listed | $81M | $33M | $1.5B | 15.6x | ||
| Publicly listed | $130M | $67M | $1.6B | - |
Pacaso Public Comps
Pacaso is still privately-owned, but its public comps include Moltiply Group, CarTrade Tech, Implenia, HIAG Immobilien Holding, Iguatemi, eFinance, IRSA, Izumi Co, Mitsui-Soko Holdings and Shoucheng Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $787M | $148M | 2.4x | 2.3x | 13.0x | 8.6x | |||
| $81M | $33M | 17.5x | 15.6x | 43.2x | 43.8x | |||
| $4.2B | $328M | 0.5x | 0.5x | 6.0x | 6.1x | |||
| $173M | $168M | 14.9x | 9.3x | 15.2x | 17.0x | |||
| $289M | $264M | 6.4x | 6.1x | 7.0x | 8.1x | |||
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $435M | $421M | 4.0x | 4.0x | 4.2x | 8.3x | |||
| $3.7B | $300M | 0.6x | 0.6x | 6.9x | 6.8x | |||
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Common questions about Pacaso
| When was Pacaso founded? | Pacaso was founded in 2020. |
| Where is Pacaso headquartered? | Pacaso is headquartered in San Francisco, CA, United States. |
| Is Pacaso publicly listed? | No, Pacaso is a private, VC-backed company. |
| What is Pacaso's valuation? | Pacaso was last valued at $1.5B in its Series C in September 2021. |
| How much funding has Pacaso raised? | Pacaso has raised $325M across 5 funding rounds. |
| What was Pacaso's last funding round? | Pacaso's last funding round was a $73M undisclosed-stage round in October 2025. |
| Who are Pacaso's investors? | Pacaso's investors include Global Founders Capital, Jeffrey Wilke, Acrew Capital, Maveron, SoftBank Group, Donna Harris, Howard Schultz, First American Financial, Kathleen Hale, Greycroft and 5 others. |
| What is Pacaso's revenue? | Pacaso's latest recorded revenue is $330M (September 2021). |
| What is Pacaso's revenue multiple? | Pacaso's latest valuation implies a 4.5x revenue multiple ($1.5B valuation on $330M of revenue). |
| Which companies are comparable to Pacaso? | Companies comparable to Pacaso include Roofstock, NoBroker, ZigBang, Bucketplace, CarTrade Tech and eFinance. |
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