Just Five Months Old, Zillow Cofounder’s Pacaso Claims It’s Already A Unicorn

Pacaso, which was founded by CEO Austin Allison and Zillow cofounder Spencer Rascoff, has raised over $90 million to date. The company specializes in subdividing vacation homes among multiple owners, in most cases buying them up front and managing use among multiple parties. Existing homeowners can also approach the platform to sell partial ownership in their properties.

Pacaso declined to provide financial figures, including revenue. Its press release instead points to the number of visitors its website has received , and the number of prospective customers who have inquired about its services . Greycroft Partners led the round alongside Global Founders Capital. The startup says it has also secured $1 billion in debt financing.

Pacaso is currently operational in 12 markets and plans to further expand in the coming eight months, using the new capital to accelerate growth; it charges a 12% fee on purchases and a $100 monthly fee to each owner thereafter. He adds that Pacaso caters to a different real estate asset class than time-shares and provides a host of services. “We handle everything from forming the LLC to finding the properties in many cases, to aggregating the groups of co-owners,” he says. “We also manage every little detail; we pay every bill, we coordinate the cleaning crew, we coordinate handymen when things need to be repaired.”

Source: News Formal (newsformal.com)

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Just Five Months Old, Zillow Cofounder’s Pacaso Claims It’s Already A UnicornPacaso, a marketplace for second homes, has raised $75 million in Series B financing that gives the five-month-old business a valuation north of $1 billion, the company announced on Wednesday.
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Just Five Months Old, Zillow Cofounder’s Pacaso Claims It’s Already A UnicornPacaso, a marketplace for second homes, has raised $75 million in Series B financing that gives the five-month-old business a valuation north of $1 billion, the company announced on Wednesday. Can we go somewhere today? موقع عقارات أمريكا باين cyclical though isn't it....
Source: Forbes - 🏆 394. / 53 Read more »

Just Five Months Old, Zillow Cofounder’s Pacaso Claims It’s Already A UnicornPacaso, a marketplace for second homes, has raised $75 million in Series B financing that gives the five-month-old business a valuation north of $1 billion, the company announced on Wednesday.
Source: Forbes - 🏆 394. / 53 Read more »

Just Five Months Old, Zillow Cofounder’s Pacaso Claims It’s Already A UnicornPacaso, a marketplace for second homes, has raised $75 million in Series B financing that gives the five-month-old business a valuation north of $1 billion, the company announced on Wednesday. They invented the timeshare? Sartorial version of the mullet there guys 👌
Source: Forbes - 🏆 394. / 53 Read more »

Just Five Months Old, Zillow Cofounder’s Pacaso Claims It’s Already A UnicornPacaso, a marketplace for second homes, has raised $75 million in Series B financing that gives the five-month-old business a valuation north of $1 billion, the company announced on Wednesday. Can we go somewhere today? No way Zillow is only 5 months old, I call BS Confusing teaser
Source: Forbes - 🏆 394. / 53 Read more »