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Venture Capital News: Pacaso Paints $75M Funding at $1B Valuation

SAN FRANCISCO, CA, Pacaso announced $75 million in additional growth funding.
Pacaso, a company democratizing second home ownership, announced $75 million in additional growth funding, bringing the company's total equity financing to more than $90 million. In addition, the company has secured $1 billion in debt financing from leading financial institutions.

The round was led by top venture capital leaders Dana Settle of Greycroft and Sarra Zayani of Global Founders Capital, with participation from Sukhinder Singh Cassidy and Theresia Gouw of the Acrew Diversify Capital Fund. Additional participants include First American Financial; Shea Ventures; Jeff Wilke, former CEO of Amazon Worldwide Consumer, and other notable angel investors.

Pacaso (pronounced like "Picasso") creates a more accessible category of second-home ownership by building a marketplace around co-owning a second home through a property-specific LLC, and reduces the cost and hassle of ownership. Pacaso manages the property and uses proprietary technology to make scheduling easy.
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