Total amount raised
$300M+
Latest funding date
2025-10-02
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.
Pacaso has successfully raised funds through multiple rounds, attracting a total of 29 investors, including notable names like Texas Capital Bank, SoftBank Vision Fund 2, Fifth Wall, Greycroft, Maveron, and Global Founders Capital.
Keep reading to explore Pacaso's fundraising journey — from a $17M Series A in 2020 to a landmark $72.5M Reg A+ round in 2025.
What Is Pacaso?
Pacaso is a San Francisco-based proptech company that modernizes co-ownership of luxury second homes. Operating across industries including Marketplace, PropTech, Real Estate, and Real Estate Investment, Pacaso offers a unique model that makes vacation home ownership more accessible and enjoyable. Founded in 2020 by former Zillow executives Austin Allison and Spencer Rascoff, Pacaso manages all aspects of home ownership — from financing to maintenance. The company employs between 101–250 people.
How Much Funding Has Pacaso Raised?
- Series A
- Amount Raised: USD 17,000,000
- Date: October 2020
- Lead Investors: Maveron
- Other Investors: Crosscut Ventures, Global Founders Capital, Howard Schultz, Tom Ferry, Jeff Wilke, Greg Schwartz
- Debt Financing
- Amount Raised: USD 250,000,000
- Date: October 2020
- Lead Investors: Undisclosed
- Series B
- Amount Raised: USD 75,000,000
- Date: March 2021
- Lead Investors: Greycroft (Dana Settle), Global Founders Capital (Sarra Zayani)
- Other Investors: Acrew Diversify Capital Fund, First American Financial, Shea Ventures, Jeff Wilke
- Valuation: USD 1,000,000,000
- Debt Financing
- Amount Raised: USD 1,000,000,000
- Date: March 2021
- Lead Investors: Undisclosed (leading financial institutions)
- Series C
- Amount Raised: USD 125,000,000
- Date: September 2021
- Lead Investors: SoftBank Vision Fund 2 (Lydia Jett)
- Other Investors: Fifth Wall, Gaingels, Greycroft, Global Founders Capital, Crosscut Ventures, 75 & Sunny Ventures
- Valuation: USD 1,500,000,000
- Reg A+ Growth Round (Undisclosed / Growth Equity)
- Amount Raised: USD 35,000,000
- Date: July 2025
- Lead Investors: Undisclosed (10,000+ individual retail investors via SEC-qualified Tier 2 Reg A+ offering)
- Debt Financing (Credit Facility)
- Amount Raised: USD 100,000,000
- Date: September 2025
- Lead Investors: Texas Capital Bank
- Reg A+ Growth Round (Undisclosed / Growth Equity)
- Amount Raised: USD 72,500,000
- Date: October 2025
- Lead Investors: Undisclosed (17,500+ individual retail investors via SEC-qualified Reg A+ offering)
Total Amount Raised: At least $300M in equity funding (total equity funding per Pacaso press releases); including disclosed debt financing, total disclosed funding exceeds $1.6B.
Key Investors
- SoftBank Vision Fund 2
- Details: Managed by SoftBank Group, SoftBank Vision Fund 2 focuses on technology-driven companies across AI, real estate, e-commerce, and logistics. Led Pacaso's $125M Series C in September 2021 at a $1.5B valuation, with Lydia Jett as investing partner.
- Greycroft
- Details: A leading venture capital firm investing in internet and mobile companies. Co-led Pacaso's $75M Series B in March 2021, represented by partner Dana Settle.
- Global Founders Capital
- Details: A stage-agnostic global venture capital firm. Co-led Pacaso's Series B alongside Greycroft and participated in the Series A and Series C rounds.
- Maveron
- Details: A consumer-only venture capital firm. Led Pacaso's $17M Series A round in October 2020, the company's inaugural equity round.
- Fifth Wall
- Details: The largest venture capital firm focused on technology for the global real estate industry. Participated in Pacaso's Series C and is listed among long-standing institutional backers.
- Texas Capital Bank
- Details: A commercial bank providing financial services to businesses. Led Pacaso's $100M credit facility in September 2025, supporting the launch of a first-of-its-kind 30-year co-ownership mortgage product.
What's Next for Pacaso?
Pacaso is positioned to continue its growth trajectory in the luxury vacation home co-ownership space. With a Nasdaq ticker symbol "PCSO"already reserved and a rapidly growing base of retail investors, the company appears to be laying the groundwork for a potential public offering. The $100M credit facility with Texas Capital Bank to support a novel co-ownership mortgage product signals a continued push to broaden access to luxury home ownership. As demand for fractional real estate grows globally, Pacaso is well-positioned to capitalize on this trend.
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