<Vacation home co-ownership company Pacaso has raised $125 million from investors including SoftBank's Vision Fund 2, bringing the startup's valuation to $1.5 billion.
According to Bloomberg, Austin Allison, CEO and co-founder of the company, stated: Real estate-focused Fifth Wall, Gaingels, Greycroft, Global Founders Capital, 75 & Sunny Ventures, and Crosscut also participated in the financing.
Allison explained that U.S. Pacaso - which launched in October 2020 - will use the funding to pursue growth, expanding into markets both domestically and outside the United States. He noted that the company plans to launch in Spain by the end of the year, and is also seeking entry into Mexico and the Caribbean, and Pacaso has also identified areas of interest within France, Italy and the U.K.
According to Bloomberg, Austin Allison, CEO and co-founder of the company, stated: Real estate-focused Fifth Wall, Gaingels, Greycroft, Global Founders Capital, 75 & Sunny Ventures, and Crosscut also participated in the financing.
Allison explained that U.S. Pacaso - which launched in October 2020 - will use the funding to pursue growth, expanding into markets both domestically and outside the United States. He noted that the company plans to launch in Spain by the end of the year, and is also seeking entry into Mexico and the Caribbean, and Pacaso has also identified areas of interest within France, Italy and the U.K.
Pacaso has also identified areas of interest within France, Italy and the U.K.
Allison explained.
