Pacaso Homes Secures $35M to Democratize Second-Home Ownership

Pacaso is excited to announce a major funding milestone with a fresh raise of $35 million, a move that underscores our mission to revolutionize second-home ownership. As a pioneering service that makes owning a second home more accessible, we leverage a property-specific LLC structure that eliminates many of the traditional financial and logistical hassles of vacation properties. Founded by industry veterans—including former Zillow co-founder and CEO Spencer Rascoff and Austin Allison, the visionary behind dotloop—Pacaso is uniquely positioned to transform the way people invest in and enjoy second-home living. Our innovative approach uses proprietary technology to simplify everything from ownership logistics to the scheduling process, ensuring that managing a second home is as effortless as possible. This latest capital injection will be strategically deployed to expand our technology platform, broaden our market outreach, and enhance our operational capabilities. The funding will enable us to scale up our property management services, refine our digital solutions, and ultimately provide a superior experience to homeowners who seek hassle-free luxury. Building on our proven track record—which includes a successful Series A round of $17 million from respected venture capital firms like Maveron, Crosscut, and Global Founders Capital, as well as securing $250 million in debt financing—this new round further validates our vision and market potential. With the additional resources at our disposal, Pacaso is set to accelerate its growth, drive innovation, and continue making the dream of shared, affordable, and enjoyable second-home ownership a reality for more people than ever before.