Total amount raised
$1.5 Billion
Latest funding date
9/1/2021
Location
Pacaso has successfully raised funds through nine different rounds, attracting a total of 29 investors, including notable names like Texas Capital Bank and Global Founders Capital. The company specializes in modernizing the co-ownership of luxury vacation homes, offering a unique and flexible approach to owning a second home.
With five lead investors backing its innovative model, Pacaso continues to redefine the real estate investment landscape. Keep reading to explore the intricacies of Pacaso's fundraising journey and the investors supporting this groundbreaking platform.
What Is Pacaso?
Pacaso, based in San Francisco, California, is a proptech company that modernizes the practice of co-owning a second home. Operating within industries such as Marketplace, Property Management, PropTech, Real Estate, Real Estate Investment, and Residential, Pacaso offers a unique model of luxury vacation home co-ownership.
Founded with the vision of making second home ownership more accessible and enjoyable, Pacaso manages all aspects of home ownership, from financing to maintenance. The company employs between 101-250 people, ensuring a seamless and effortless experience for its clients.
How Much Funding Has Pacaso Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and develop its initial platform.
- Series A
- Amount Raised: USD 17,000,000
- Date: October 2020
- Lead Investors: Maveron
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market presence.
- Debt Financing
- Amount Raised: USD 250,000,000
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure capital for property acquisitions and operational expenses.
- Series B
- Amount Raised: USD 75,000,000
- Date: March 2021
- Lead Investors: Global Founders Capital, Greycroft
- Valuation at Round: USD 1,000,000,000
- Motivation Behind the Round: To support rapid growth and scaling efforts.
- Debt Financing
- Amount Raised: USD 1,000,000,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand property acquisitions and enhance financial stability.
- Series C
- Amount Raised: USD 125,000,000
- Date: September 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: USD 1,500,000,000
- Motivation Behind the Round: To support international expansion, particularly into Europe.
- Undisclosed Round
- Amount Raised: USD 35,000,000
- Date: July 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: September 2025
- Lead Investors: Texas Capital Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for ongoing operations and expansion.
- Undisclosed Round
- Amount Raised: USD 72,500,000
- Date: October 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and enhancing service offerings.
Total Amount Raised: USD 1,774,500,000. Current Valuation: USD 1,500,000,000.
Key Investors
- SoftBank Vision Fund 2
- Details: Managed by SoftBank Group, this venture capital fund focuses on technology-driven companies. It is known for making large-scale investments in high-growth potential firms.
- Investment Focus Areas: Technology, e-commerce, artificial intelligence, robotics
- Notable Investments: Uber, WeWork, DoorDash
- Texas Capital Bank
- Details: Texas Capital Bank is a commercial bank that provides various financial services, including debt financing. It has been a lead investor in Pacaso's debt financing rounds.
- Investment Focus Areas: Debt financing, commercial banking, financial services
- Notable Investments: Debt Financing - Pacaso
- Global Founders Capital
- Details: A global venture capital firm that invests in technology companies at all stages. It has a broad investment focus and has been involved in multiple funding rounds for Pacaso.
- Investment Focus Areas: Technology, internet, software
- Notable Investments: Facebook, LinkedIn, Slack
- Greycroft
- Details: Greycroft is a venture capital firm that invests in early and growth-stage technology companies. It has participated in several funding rounds for Pacaso.
- Investment Focus Areas: Internet, mobile technology, software
- Notable Investments: Venmo, Braintree, The RealReal
- Fifth Wall
- Details: Fifth Wall is a venture capital firm specializing in real estate technology. It has been a key investor in Pacaso's Series C funding round.
- Investment Focus Areas: Real estate technology, proptech, innovation
- Notable Investments: Opendoor, Hippo Insurance, Blend
What's Next for Pacaso?
Pacaso's future looks promising as it eyes expansion into the European market, starting with Spain. This move opens up significant opportunities for growth, leveraging the increasing interest in fractional ownership of vacation homes. With a $1.5 billion valuation and substantial backing from investors like SoftBank Vision Fund 2, the company is well-positioned to capitalize on these opportunities.
Future fundraising seems likely as Pacaso continues to attract interest from major investors. The company's innovative model and successful funding rounds suggest that additional capital influxes could support further international expansion and technological advancements. However, challenges such as navigating regulatory environments in new markets and managing rapid growth will need to be addressed to sustain momentum.
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