Details

Last Funding Type

Series C

Last Funding Money Raised

$125M

Industries

Marketplace,Property Management,Real Estate,Real Estate Investment,Residential

Founded date

Oct 1, 2020

Number Of Employee

101 - 250

Operating Status

Active

Pacaso modernizes the generations-old practice of co-owning a second home by creating a marketplace that makes buying and selling easy and adding professional management and technology to make scheduling dates and owning the home seamless and simple.

Buyers considering a second home can tell Pacaso where they want to buy, how much they want to spend, and how much time they expect to spend in the house. Pacaso and its real estate agent partners will help them find the perfect home and set up a professionally managed LLC uniquely designed for co-ownership. The buyer will purchase their desired share—for example, half of the home, which will guarantee them access to the home for half the year—and Pacaso will briefly purchase the remainder of the home, before reselling the remaining portion to vetted buyers. Pacaso will manage the property, and owners will use Pacaso’s mobile app to make scheduling easy and equitable.