Pacaso, a tech-enabled marketplace for co-owned luxury vacation homes, announced it has raised over $35 million from more than 10,000 investors through its SEC-qualified Regulation A+ offering. This milestone reflects strong demand for access to real estate and early-stage equity opportunities.
Founded in 2020 by Austin Allison and Spencer Rascoff, Pacaso allows buyers to co-own luxury vacation homes in desirable locations, offering shares from one-eighth to one-half. The company provides professional management and support services, facilitating over $1 billion in transactions and generating more than $110 million in gross profit to date.
The current offering provides both accredited and everyday investors with the opportunity to purchase shares in Pacaso, with demand indicating strong interest in its business model. The $35 million raised is significantly higher than the average for Tier 2 Regulation A+ offerings, showcasing Pacaso’s position as a leading company in this space.
Pacaso has raised over $270 million across four rounds since its launch, backed by investors such as Fifth Wall, Greycroft, and Howard Schultz. It operates in over 40 destinations across the U.S., Mexico, and Europe, with plans to expand into Italy and the Caribbean.
Last year, Pacaso reported impressive performance metrics:
— $164.5 million in gross transactions and fees (excluding whole-home sales)
— $23.6 million in adjusted gross profit, up 18% year-over-year
— 24% improvement in adjusted EBITDA loss, due to reduced inventory and a tighter cost structure.
KEY QUOTE:
“Pacaso’s traction shows that there’s real demand for a new way to own and invest in luxury real estate. This raise is about opening that opportunity to more people, at a greater scale.”
Austin Allison, Co-Founder and CEO of Pacaso
