Pacaso

pacaso.com

HQ: San Francisco, California, United States

200

Real Estate

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

Pacaso is a technology-enabled real-estate marketplace that makes luxury second-home ownership more accessible through professionally managed co-ownership. Buyers purchase a fractional interest in a specific home, typically through a property-specific LLC, while Pacaso manages furnishing, maintenance, scheduling, and resale.

Primary product

Professionally managed fractional ownership of luxury vacation and second homes, with ownership shares generally ranging from one-eighth to one-half and scheduling managed through Pacaso’s platform.

Founded

2020

Headquarters

San Francisco, California, United States

Team size

100-150

Work style

Remote

Industry

Real estate

Sub-industry

PropTech / fractional real-estate ownership / vacation-home marketplace

Offices

San Francisco, California, United States

Cincinnati, Ohio, United States

Business model

Fractional real-estate marketplace

Real-estate transaction fees

Property-management and owner-service fees

Home-share and resale transactions

Financing facilitation

Real-estate inventory and investment gains

Funding

Stage

Late-stage private / growth company

Total raised

$1.7B

Latest round

Regulation A+ growth equity round · Oct 2025

Latest amount

$72.5M

Regulation A+ growth round

Oct 2025 · More than 17,500 individual investors

$72.5M

Credit facility

Sep 2025 · Texas Capital Bank

$100M

Debt / Regulation D financing

Mar 2024

$7.5M

Series C

Sep 2021 · SoftBank Vision Fund 2

$125M

Series B

Mar 2021 · Greycroft and Global Founders Capital

$75M

Debt financing

Mar 2021

$1B

Series A

Oct 2020 · Maveron

$17M

People & investors

Leadership

Austin Allison

Co-Founder & CEO

Spencer Rascoff

Co-Founder & Chairman

David S. Kallery

President

Alvaro Cortes

Chief Financial Officer

Brina Cimino

VP, Operations & Strategy

Daivak Shah

Chief Technology Officer

Investors

First American Financial

Gaingels

Global Founders Capital

More than 17,500 individual Regulation A investors

SoftBank Vision Fund 2

Texas Capital Bank

Tom Ferry

Work & culture

Pacaso describes itself as a distributed, crew-first organization with a high-performance mindset, continuous feedback, strong collaboration, inclusivity, and a mission-driven approach. Company materials emphasize remote collaboration, frequent all-Crew meetings or gatherings, adaptability, and the values of rowing together and enriching lives.

Work style

Remote

Visa sponsorship

Limited

Compensation

Pacaso advertises competitive regional salaries, meaningful equity, and benefits. Public job-posting signals include a senior technical product role around $200,000 plus equity. H-1B filing databases show some certified Pacaso filings, but sponsorship is role- and candidate-dependent and is not guaranteed.

Benefits

Health, dental, and vision coverage

401(k)

Incentive stock options / company equity

Flexible or discretionary time off

Paid parental leave

Mental-health and wellness support

Home-office stipend

Monthly cell-phone or internet reimbursement

Time-zone flexibility

Quarterly or regular remote-team gatherings

Learning and development support

Crew Pacaso Ownership Program, offering up to $25,000 over five years toward a Pacaso home

Product & market

Pricing

Customers purchase a fractional share of a home, commonly one-eighth to one-half, plus transaction, management, and ongoing ownership costs. Pricing varies by property and destination; public examples include shares starting around $200,000 in lower-priced markets and a one-eighth share of Casa Bianca in Tuscany listed at €465,000.

Differentiators

—True deeded or LLC-based ownership rather than a conventional timeshare-use entitlement
—Curated, professionally designed and furnished luxury homes
—Pacaso-managed maintenance, cleaning, utilities, insurance, and operations
—Technology-enabled scheduling and owner experience
—Integrated resale marketplace and support
—Fractional shares that can provide access to higher-value homes than an individual buyer might otherwise purchase
—International expansion across major leisure and cultural destinations
—Financing options, including a planned or launched co-ownership mortgage product

Technology

Pacaso proprietary scheduling and owner-management platform

SmartStay scheduling system

Mobile application for owner scheduling

AI-powered operational and owner-experience tools

Node.js

Kotlin

Tailwind CSS

lit-element

Salesforce

Matomo

Calendly

Google Sign-In

reCAPTCHA

Customers

Individuals and families seeking luxury vacation-home ownership

High-net-worth buyers seeking second homes in destinations such as Aspen, Vail, Jackson Hole, Miami, Paris, London, Cabo, and Italy

Existing second-home owners seeking a managed co-ownership or resale solution

Pacaso owners using the company’s professional management and scheduling services

Competitors

Kocomo

MYNE

Ember

Fractal Homes

Yours

Cobu / CoBuy-style co-ownership providers

Arrived Homes

Inspirato

Traditional vacation-home ownership

Luxury timeshares and vacation clubs

Scale & contact

Estimated revenue

Approximately $90 million-$130 million annually. SEC filings report $90.1 million of 2025 revenue and approximately $126.6 million of 2024 revenue; revenue is volatile because it depends heavily on home-share transactions and accounting treatment of real-estate sales.

Estimated monthly visits

85.4K

Traffic estimate as of Jun 2026

Signals & risks

Layoff

Oct 2022

Pacaso announced a workforce reduction of approximately 30%, or about 100 employees, reducing headcount from roughly 300 to just above 200. Management cited rising mortgage rates, high home prices, and recession concerns.

Source

Other

Oct 2024

Yahoo Finance reported that Pacaso’s revenue fell 59% from 2022 to 2023, with a 2023 net loss of approximately $36 million. The company attributed lower sales partly to interest rates, inflation, consumer uncertainty, and reduced marketing.

Source

Other

Sep 2024

Pacaso began a SEC-qualified Regulation A offering of up to approximately $75 million, broadening fundraising to non-accredited retail investors. Its offering materials disclose historical losses and material weaknesses in internal controls over financial reporting for prior periods.

Source

Other

Jan 2021

Pacaso has faced opposition and regulation in some municipalities, where officials and residents have characterized the model as similar to a timeshare. Reported disputes and regulations have involved locations including Sonoma, St. Helena, Newport Beach, and Sullivan’s Island.

Source

Other

Sep 2025

Pacaso reported a 62% year-over-year increase in its first-half 2025 net loss to $22.3 million and a 20% decline in real-estate transactions. The company was simultaneously raising capital and arranging a $100 million credit facility.

Source

Latest news

Pacaso Reports Strong Start to 2026 Driven by Margin Expansion, Improved Inventory Efficiency, and Continued Global Growth

Pacaso · May 2026

Pacaso reported Q1 2026 adjusted gross profit excluding whole-home sales of $7.9 million, up 25% year over year, with improved margins and a narrower adjusted EBITDA loss.

Pacaso Introduces Infinity, an Invitation-Only Home Exchange for Extraordinary Homes

Pacaso · Feb 2026

Pacaso announced Infinity, an invitation-only home-exchange network intended to let members and Pacaso owners exchange stays across luxury properties.

Pacaso Closes Oversubscribed $72.5M Raise, Attracting 17,500+ Investors

Pacaso / PR Newswire · Oct 2025

Pacaso closed a Regulation A+ equity raise of more than $72.5 million from over 17,500 individual investors, bringing reported total equity funding above $300 million.

Pacaso Planning to Launch Bespoke Co-Ownership Mortgage

Inman · Sep 2025

Pacaso announced plans for a co-ownership mortgage backed by a $100 million Texas Capital Bank credit facility, while reporting higher losses and lower real-estate transaction volume in the first half of 2025.