Share in Pacaso’s global growth as an early investor

A man in a striped suit stands in front of a large digital display at Times Square with Nasdaq congratulating Pacaso on their new co-ownership listings. The scene is busy, with people walking and tall buildings in the background.

Pacaso is already the market leader in vacation home co-ownership, with 2,000+ homeowners and $100M+ in gross profits. Now we're expanding globally, with new homes added in Paris, London, and Cabo within the past year. Join top investors like SoftBank and Maveron—invest today and share in our growth.

I'm ready to invest

$1,002.40*

Min. investment

Share price

Backed by top investors
SoftBank logoFifth Wall logoGreycroft logoMaveron logoGFC logo

Get in early at a high-growth company

We’ve been pioneers in expanding access to vacation home ownership. Now we’re expanding access to equity in our company. The SEC has qualified us to raise up to $75M from investors like you to fuel expansion into new destinations and innovate our product and home operations.

How you could see a return

IPO:
Potential to sell shares if Pacaso goes public.
Acquisition:
Possible payout if Pacaso is acquired.
“I wish we had done a round accessible to retail investors prior to Zillow's IPO.”

- Spencer Rascoff, Pacaso Co-Founder (& Zillow Co-Founder)

Man in a white shirt and black sweater.
THE OPPORTUNITY

Expanding vacation home ownership is a $1.3 trillion opportunity

The luxury vacation home market is massive and in high demand. We're capturing our piece of the $1.3 trillion American market and expanding into the $500 billion European market. With just 1% market penetration, the biggest opportunities are still ahead.

Pie chart showing a $1.3 trillion market size with Pacaso taking currently less than 1%.

*US serviceable based on transactions greater than $500K per home sold per period.
**2021 survey conducted by Pacaso Inc.

A spacious open-concept living area with modern furniture, leading to an outdoor patio with lounge chairs and an infinity pool at sunset.

Watch our 2024 earnings highlights on Bloomberg

Earth globe focusing on the western hemisphere.
Expansion

Taking vacation home co-ownership global

40% of wealthy Americans plan to buy vacation homes abroad next year. We’re scaling to meet that demand. We believe that combining more homes in international destinations with our Swap feature will have a flywheel effect that accelerates our growth.

Hands shaking under a house roof.
New homes in Europe:
We recently closed on three new homes in Paris and London, including our most expensive home in Europe.
Heart inside a home.
Established network:
Our recently announced UK lending partnership opens new doors in additional markets.
Broader horizons:
The new “Swap” feature lets owners enjoy homes worldwide, adding even more value to co-ownership.
THE SOLUTION

Pacaso is democratizing access to vacation home ownership

Pacaso’s co-ownership model enables buyers to purchase 1/8 to 1/2 of a luxury home rather than 100%, reducing both buy-in and long-term costs, simplifying upkeep and maintenance needs.

Three cell phones are displayed with a calendar app on the screen.

Smart technology

Our tech-enabled marketplace streamlines the purchasing, financing, co-owning and reselling process. After purchase, we handle all aspects of the home from scheduling to maintenance to keep ownership hassle-free.

How we make money

Pacaso generates revenue from a mix of recurring and one-time transaction costs, including an up-front real estate fee, ongoing property management, and resale commissions.

Chart showing 6 revenue streams for Pacaso divided into: initial fees and recurring revenue streams.
A group of people are standing around a table with a cake on it.

The impact

By bringing together buyers to co-own one property, Pacaso is monetizing vacancy — our homes are occupied 90% of the year on average, contributing to 10x more spending at local businesses.

KEY MILESTONES

$1 billion in gross real estate transactions and associated service fees

In our third full year, we have facilitated nearly $1 billion in gross real estate transactions and service fees, and have expanded operations to over 40 destinations and four countries.

Chart showing gross real transactions from $278 million in 2021 up to $956 million in 2023.

Cumulative gross real estate value transacted & associated service fees.

$100 million in gross profits

Not only have we generated over $100 million in gross profit, but we’re continuing to grow revenue and profits quickly.

Chart showing gross profit growth from $29 million in 2021 up to $107 million in H1 2024.

Cumulative gross profit. *Unaudited financials.

Over 2,000 happy owners

We've earned a 4.5/5 Trustpilot rating from our owners. Take a look at what our owners are saying in their own words.

TEAM

A proven proptech powerhouse

Our all-star founders and leadership team includes professionals from Zillow, Hotwire, dotloop, Concur, Yahoo, Remax, Tripadvisor, and more.

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CEO and Co-Founder
Austin, a seasoned leader, began his career in real estate before founding dotloop in 2009, which sold to Zillow for $125 million in 2015. He then served as an executive at Zillow for four years before co-founding Pacaso in 2020.
Man in beige blazer and blue shirt.
Co-Founder
Spencer is a serial entrepreneur who co-founded Zillow, Hotwire, Pacaso, Queue, heyLibby and 75 & Sunny Ventures. He served as Zillow's CEO for a decade and is a Visiting Lecturer on Engineering Sciences at the Harvard John A. Paulson School of Engineering and Applied Sciences.

Watch our co-founder highlight the investment opportunity

USE OF FUNDS

Our blueprint for growth

Now that we've captured our initial target market and built a sustainable competitive advantage, your investment will expand our footprint into more destinations while strengthening our product, engineering and home operations. This will help us tap into our full growth potential, expand our margins and profitability, and enable more families to create unforgettable memories and meaningful connections in luxury residences.

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News and updates

Pacaso in the headlines

Pacaso is featured in 300+ leading media outlets including Forbes, Fortune, CNBC, The Hollywood Reporter, Travel+Leisure, Architectural Digest and many more.

Forbes logo.
Read more
Read more
Read the Forbes' full article about Pacaso.

Frequently asked questions

What am I investing in?

You’re buying Class D Common Stock in Pacaso. As an investor in the company, you own a piece of the company and stand to benefit if the company grows in value, such as through an IPO or acquisition. Returns would come from the company’s financial performance, including its revenue from home sales, property management, and financing services. If Pacaso becomes more successful, the value of your shares may increase, and you may be able to sell them for a profit during or after a liquidity event (like an IPO or acquisition).

Who is allowed to invest?

This offering is open to everyone. Accredited and non-accredited investors within the U.S. are able to invest in Pacaso. Is there a minimum or maximum investment?

The minimum investment is $1,002.40, with no maximum.

What is the current valuation?

Our pre-money valuation for this round is approximately $860M. The share price was set based on financial modeling, company performance, and market opportunity and we believe it positions us well for long-term growth.

How will I get a return on my investment?

A return on your investment would likely come through one of the following:

  • Initial Public Offering (IPO): If Pacaso goes public, investors may be able to sell their shares in the public market, potentially realizing a profit based on the company’s market valuation.
  • Acquisition: If Pacaso is acquired by another company, investors may receive a return based on the terms of the acquisition deal, which could involve cash or stock in the acquiring company.

These potential events would provide opportunities for investors to realize returns, but they are contingent on the company's future performance and decisions. While an IPO is a potential future liquidity event, our current focus is on scaling the business and creating long-term value for our clients, and thus shareholders. Of course, we are always on the lookout for strategic opportunities that align with our growth and mission, and it is a goal of the company to be run as a public company. We want to ensure that any such event is beneficial for both our clients and our shareholders.

How does Pacaso make money?

Pacaso makes money through several key revenue streams:

  • Home Sales: Pacaso earns money when it sells homes to co-owners.
  • Resale Transactions: If a co-owner decides to resell their shares of the property, we can help facilitate this sale and earn a commission similar to a realtor. 
  • Property Management Fees: The company charges fees for managing and maintaining the homes, including tasks such as housekeeping, maintenance, and general property upkeep.
  • Financing Services: Pacaso offers financing options for potential co-owners, and earns revenue through interest or fees associated with those financing services.
What is the latest with Pacaso’s business?

In our fourth full year of operation, Pacaso has achieved over $100M in gross profits and facilitated $1B in gross real estate transactions and service fees across more than 40 markets nationwide, as well as internationally in Paris, London, and Cabo. 

In the first half of 2024, we saw 36% YoY growth in Gross Real Estate transacted and Associated Services Fees, 38% YoY growth in AGP, and 39% decrease in Adjusted EBITDA loss. We are excited to share our full year 2024 results on April 30th, 2025.

How will you use the funds raised?

Pacaso will use funds from the growth round offering to expand our portfolio, adding homes in more destinations. For example, we’ve already used funds from this raise to further expand into Paris. Additionally, we’ll invest in product, engineering, and home operations, supporting our mission to help families create unforgettable memories and meaningful connections in luxury vacation residences. Most recently, we launched our global swap feature, allowing Pacaso home owners to swap stays with other Pacaso owners.

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