PACASO
Pacaso modernizes the generations-old practice of co-owning a second home, creating a marketplace that makes buying and selling easy, and adding professional management and technology to make scheduling dates and owning the home seamless and simple. Buyers considering a second home can tell Pacaso where they want to buy, how much they want to spend, and how much time they expect to spend in the house. Pacaso and its real estate agent partners will help them find the perfect home and set up a pr... ofessionally managed LLC uniquely designed for co-ownership. The buyer will purchase their desired share — for example, half of the home, which will guarantee them access to the home for half the year — and Pacaso will briefly purchase the remainder of the home, before reselling the remaining portion to vetted buyers. Pacaso will manage the property, and owners will use Pacaso’s mobile app to make scheduling easy and equitable.
PACASO
Industry:
Marketplace Property Management Real Estate Real Estate Investment Residential
Founded:
2020-10-01
Status:
Active
Contact:
844-272-2276
Email Addresses:
[email protected]
Total Funding:
1.47 B USD
Technology used in webpage:
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Current Advisors List
Current Employees Featured
Founder
Investors List
Global Founders Capital
Global Founders Capital investment in Series C - Pacaso
Alumni Ventures
Alumni Ventures investment in Series C - Pacaso
Russell Cook
Russell Cook investment in Series C - Pacaso
Ryan Croft
Ryan Croft investment in Series C - Pacaso
Fifth Wall
Fifth Wall investment in Series C - Pacaso
SoftBank Vision Fund
SoftBank Vision Fund investment in Series C - Pacaso
Crosscut Ventures
Crosscut Ventures investment in Series C - Pacaso
Flucas Ventures
Flucas Ventures investment in Series C - Pacaso
Greycroft
Greycroft investment in Series C - Pacaso
75 & Sunny
75 & Sunny investment in Series C - Pacaso
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2022-05-04 | Sensible Weather | Pacaso investment in Series A - Sensible Weather | 12 M USD |
Key Employee Changes
| Date | New article |
|---|---|
| 2022-04-12 | Pacaso Adds Lara Cumberland as Chief Operating Officer |
More informations about "Pacaso"
Pacaso - Wikipedia
Pacaso operates by purchasing residential properties and then selling shares of the home to up to eight buyers. The company reports earning a twelve percent service fee on the sale of a share in addition to an ongoing monthly asset-management fee. The organization claims that its model differs from the traditional timeshare model because purchases count as real estate acquisitions and appreciate in value. Buyers can sell their share …See details»
Pacaso Is Turning Houses Into Corporations : Planet …
Aug 24, 2021 Pacaso is less than a year old. Pacaso was founded in October 2020 by Austin Allison and Spencer Rascoff, two former executives at Zillow. The company is based in San Francisco, and as is typical ...See details»
Co-ownership gives extended family access to vacation home
Mar 25, 2024 Pacaso buys homes, decorates and furnishes them before listing them in eight separate shares. Buyers can buy up to half of the shares and can work via traditional Realtors …See details»
The Story Behind the Company | Pacaso
Aug 1, 2024 Austin Allison, co-founder and CEO of Pacaso was joined by fellow co-founder Spencer Rascoff to discuss the company's recent growth round and its vision for the future. They explored how Pacaso is innovating in luxury …See details»
A Smarter Approach to Second Home Ownership
To solve this, we created Pacaso, a service to expand second home ownership. We empower people to own a share of a second home, from 1/8 to 1/2, and experience true real estate ownership. Our Crew. Although Pacaso is based in …See details»
Pacaso luxury second-home firm expands to Canada
Jul 27, 2021 Pacaso, a company that helps people buy and co-own luxury second homes and the fastest U.S. company to receive unicorn ($1 billion) valuation, has expanded into Canada and hired Canadian entrepreneur Razor …See details»
Press releases - Pacaso Press Room
Sep 21, 2021 Real Estate Standards Organization (RESO) Works with Pacaso to Define "Co-ownership" Category. New Industry Standard Differentiates Co-ownership Category from …See details»
How Pacaso works—and how it's different than a …
May 20, 2024 Pacaso users can own as little as one-eighth of a home and up to one-half of the value of the home. The most expensive listing Pacaso has sold on its platform was a home in Aspen for $2.5 million ...See details»
Pacaso Press Room - Press releases
SAN FRANCISCO, March 24, 2021 /PRNewswire/ -- Pacaso, the company democratizing second home ownership, today announced $75 million in additional growth funding, bringing the …See details»
How Startup Pacaso Reached $1 Billion ‘Unicorn Status’
Aug 11, 2022 Pacaso’s growth pillars: passion and hard-won institutional knowledge. While Pacaso’s $1 billion unicorn status six months after launch garnered headlines, the quick-win narrative was misleading, Allison said. …See details»
Pacaso - Crunchbase Company Profile & Funding
Pacaso manages all aspects of the home, including maintenance, repairs, and utilities, ensuring the property is ready for use by co-owners. Curated Real Estate Portfolio Pacaso provides a …See details»
Pacaso Establishes New Category of Second Home Ownership and …
Feb 24, 2022 "Pacaso's first full year was a success, delivering on our mission to make second home ownership possible and enjoyable for more people and their families," said Austin …See details»
Pacaso Co-Ownership Homes: How Does It Work? | Hunker
Aug 16, 2023 Pacaso's meticulous processes and standards create a portfolio of homes that are not only turnkey and high-end but also offer an array of premium amenities from hot tubs and …See details»
2nd-Home Startup Pacaso Is Fastest-Ever Unicorn - Business Insider
Mar 25, 2021 The second-home-co-ownership startup Pacaso raised $75 million in equity and $1 billion in debt. The round makes it the fastest company to reach unicorn status, with a $1 …See details»
Pacaso Announces $125 Million Series C Led by SoftBank Vision …
SAN FRANCISCO, September 14, 2021 /PRNewswire/ -- Pacaso, the leading real estate platform that helps people buy and co-own a second home, today announced $125 million in Series C …See details»
The Modern Way to Own a Holiday Home | Pacaso
Pacaso is a community of high-net-worth families who enjoy effortlessly owning a private vacation home, with none of the hassle. Our owners understand that co-owning a fully managed …See details»
Tech ‘Unicorn’ Pacaso Is Turning Homes Into LLCs and Pissing
Sep 15, 2021 They formed an organization, too: “Sonomans Together Opposing Pacaso,” or STOP. Like others in Sonoma and elsewhere, Day fears that the entrance of a company like …See details»
Learn About Co-owning a Vacation Home | Pacaso | Pacaso
Pacaso streamlines the process of co-ownership for owners. We do the heavy lifting of bringing together buyers to co-own a home, and we serve as the corporate guarantor of the loan, …See details»
Careers - Join the Passionate Pacaso Team | Pacaso
At Pacaso, we're all about enriching lives and revolutionizing home ownership. This starts with our talented Crew. Our mission-driven, people-focused culture is designed to help you succeed. …See details»