Among the largest Regulation A+ real estate raises this year, with 10,000+ investors participating
Pacaso, the tech-enabled marketplace for co-owned luxury vacation homes, today announced it has raised more than $35 million from more than 10,000 individual investors¹ as part of its ongoing SEC-qualified Regulation A+ offering. This funding milestone reflects strong demand for access to real estate and early-stage equity opportunities.
Founded in 2020 by tech entrepreneurs Austin Allison and Spencer Rascoff, Pacaso enables buyers to co-own luxury vacation homes in top destinations around the world. The company offers ownership shares ranging from one-eighth to one-half, paired with professional management, turnkey design, and full-service support that includes scheduling, maintenance, and resale assistance. Since its launch, Pacaso has facilitated over $1 billion in transactions and service fees and generated more than $110 million in gross profit.
“Pacaso’s traction shows that there’s real demand for a new way to own and invest in luxury real estate,” said Austin Allison, Co-Founder and CEO of Pacaso. “This raise is about opening that opportunity to more people, at a greater scale.”
The offering gives both accredited and everyday investors the opportunity to purchase shares in a venture-backed company. Thousands have participated to date,¹ reflecting clear interest in Pacaso’s model and growth plans.
Pacaso’s $35 million Tier 2 Regulation A+ raise significantly exceeds the historical Tier 2 average. According to the SEC’s Division of Economic and Risk Analysis (DERA), Tier 2 issuers raised an average of $12.5 million from 2015 through 2024 across more than 1,400 offerings.² Few real estate–focused issuers cross the $30 million mark, placing Pacaso’s offering among the largest of its kind in the past year.³
The funding milestone follows several strategic growth initiatives, including Pacaso’s reservation of the ticker symbol “PCSO” on the Nasdaq. While not a guarantee of future listing, it reflects the company’s long-term planning and evolving capital strategy. Since its inception, Pacaso has now raised over $270 million across four rounds, backed by institutional investors such as Fifth Wall, Greycroft, and Maveron as well as individuals including Howard Schultz. In late 2024, the company launched its current financing round, leveraging Regulation A+ to expand access beyond traditional venture channels.
Pacaso operates in more than 40 top destinations across the United States, Mexico, and Europe. The company is further scaling to meet global demand with recently announced planned expansion into Italy and the Caribbean.
Its 2024 performance reflects that growth and operational discipline:
- $164.5 million in gross real estate transacted and associated fees (excluding whole-home sales)
- $23.6 million in adjusted gross profit, up 18 percent year-over-year
- 24 percent improvement in adjusted EBITDA loss, driven by reduced inventory and tighter cost structure
Earlier this year, Newsweek named Pacaso one of America’s Greatest Startup Workplaces,⁴ adding to earlier recognition from Forbes as a top startup employer.⁵ These national honors affirm Pacaso’s position as a standout company defined by a strong culture, disciplined execution, and a bold vision for long-term growth.
To learn more or participate in Pacaso’s current round, visit www.pacaso.com/invest.
