Pacaso Secures $35 Million to Broaden Luxury Vacation Home Co-Ownership

Pacaso's Remarkable Growth in Luxury Home Co-Ownership

In an impressive move, Pacaso, a technology-driven platform for co-owned luxury vacation properties, has announced the successful raising of over $35 million. This funding initiative saw involvement from more than 10,000 investors as part of its ongoing SEC-qualified Regulation A+ offering. This significant achievement highlights the strong interest in both real estate and early-stage equity investments, paving the way for expanding ownership opportunities in luxury homes.

Founded in 2020 by visionaries Austin Allison and Spencer Rascoff, Pacaso has successfully innovated the real estate market by enabling buyers to co-own luxurious vacation homes in some of the most sought-after destinations worldwide. Ownership options range from one-eighth to one-half shares, combined with professional management, stylish designs, and comprehensive support, including maintenance, scheduling, and resale services.

Since its inception, Pacaso has surpassed a remarkable total of over $1 billion in transactions and service fees, generating more than $110 million in gross profits. Austin Allison, Co-Founder and CEO, articulated that "Pacaso's traction shows that there's real demand for a new way to own and invest in luxury real estate." He emphasized that this recent financial accomplishment will democratize access to luxury properties, allowing more individuals to partake in the joys of ownership.

The recent $35 million funding raise significantly outstrips the historical average for Tier 2 Regulation A offerings. Data from the SEC's Division of Economic and Risk Analysis reveals that Tier 2 issuers raised an average of $12.5 million from 2015 to 2024, making Pacaso's accomplishment all the more remarkable within the industry.

Pacaso benefits from backing by notable institutional investors such as Fifth Wall, Greycroft, and Maveron, as well as support from high-profile individuals, including Howard Schultz. The company is ambitiously seeking to expand further, as illustrated by its recent reservation of the ticker symbol "PCSO" on Nasdaq. Despite this not being a promise of future listings, it substantiates Pacaso's long-term strategic outlook.

Operating in over 40 premier destinations throughout the United States, Mexico, and Europe, Pacaso is gearing up for further growth with plans to enter the Italian and Caribbean markets. Its performance in 2024 underscores the company's operational efficiency, having transacted $164.5 million in gross real estate and reported a 24% reduction in adjusted EBITDA loss.

Additionally, in early 2025, Pacaso earned recognition from Newsweek as one of America’s Greatest Startup Workplaces, further solidifying its status as an innovative leader in the co-ownership space. Recognition from Forbes, which listed Pacaso among the top startup employers, adds to its accolades, reinforcing the company's standing in the fiercely competitive real estate landscape.

For those interested in investing or learning more about Pacaso’s unique marketplace, visit www.pacaso.com/invest for additional details. As Pacaso continues to evolve and grow its offerings, it stands to reshape the future of luxury real estate investment, making luxurious vacation home ownership more accessible than ever before.