Pacaso, a technology-driven marketplace for co-owning luxury vacation homes, has raised over $35 million from more than 10,000 individual investors through its SEC-qualified Regulation A+ offering, highlighting strong demand for real estate investments.
Founded in 2020 by Austin Allison and Spencer Rascoff, Pacaso enables buyers to co-own luxury homes with shares ranging from one-eighth to one-half. The company offers management, maintenance, and resale support, facilitating over $1 billion in transactions and generating more than $110 million in gross profit.
The funds raised significantly exceed the average for Tier 2 Regulation A+ offerings, which is about $12.5 million, making Pacaso’s offering one of the largest in the past year. The company has also reserved the ticker symbol “PCSO” on the Nasdaq for future growth.
Operating in over 40 locations across the U.S., Mexico, and Europe, Pacaso plans to expand to Italy and the Caribbean. In 2024, it reported $164.5 million in gross real estate transactions, $23.6 million in adjusted gross profit (an 18% year-over-year increase), and a 24% improvement in adjusted EBITDA loss due to better cost management.
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
