Pacaso, the tech-enabled marketplace for co-owned luxury vacation homes, today announced the close of its record-setting SEC-qualified Regulation A+ growth round, raising over $72.5 million from more than 17,500 individual investors. ¹ Pacaso’s raise is the largest real estate Reg A+ offering of 2025 and one of only a handful of companies in history to surpass $70 million, cementing the company as one of the most significant Reg A+ issuers to date. The milestone brings Pacaso’s total equity funding to more than $300 million and highlights growing demand for access to real estate and early-stage equity opportunities.
Pacaso closes record $72.5M round, largest real estate Reg A+ of 2025
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“This raise was proof that thousands of people believe in a better, smarter way to own and experience a vacation home,” said Austin Allison, co-founder and CEO of Pacaso. “The overwhelming demand exceeded expectations, showing that co-ownership is more than a trend — it’s a movement. By combining the power of community with institutional support, we’re making luxury ownership more attainable and more meaningful for families and investors around the world.”
Pacaso’s raise was powered by DealMaker, whose capital-raising platform enabled the company to scale its community-first campaign to tens of thousands of prospective investors.
“This deal is a perfect example of how retail investors can be a valuable source of funding for high-growth companies in conjunction with institutional and venture capital,” said Rebecca Kacaba, co-founder and CEO of DealMaker. “We’re proud to have helped Pacaso engage such a broad base of individual investors in this investment round — fueling future growth while giving those investors a unique opportunity to be part of something transformative.”
Pacaso’s record raise builds on several recent milestones:
- Institutional validation: Pacaso recently secured a $100 million credit facility with Texas Capital to launch the industry’s first mortgage purpose-built for co-ownership.
- Operational strength: The company reported $12.6 million in adjusted gross profit in the first half of 2025, with improving margins and reduced cash burn. ²
- Growth trajectory: Pacaso has facilitated more than $1.2 billion in transactions and service fees to date, ³ generated over $138 million in lifetime gross profit, ² and expanded into 40+ destinations across the U.S., Mexico, and Europe, with 10 new international market listings including London, Paris, Italy, and the Caribbean.
Pacaso’s $72.5 million Reg A+ raise is the largest real estate offering of 2025. It is nearly five times the SEC’s historical average of about $12.5 million, 4 and few Reg A+ issuers in any sector cross the $30 million mark. 5
“Pacaso is proud to have led one of the most significant Reg A+ raises in history,” said Tom Mulholland, Head of Strategic Initiatives and Capital Development at Pacaso. “By welcoming thousands of retail investors to join our mission, we’re broadening access to an opportunity once limited only to institutions. This outcome underscores the confidence in our vision and expands the Pacaso community in several powerful ways.”
Founded in 2020 by tech entrepreneurs Austin Allison and Spencer Rascoff, Pacaso is the global co-ownership category leader, enabling buyers to co-own luxury vacation homes in top destinations worldwide. The company offers ownership shares ranging from one-eighth to one-half, paired with flexible financing, professional management, turnkey design, and full-service support that includes scheduling, maintenance, and resale assistance. Pacaso also leverages AI-powered tools to scale operations and enhance the owner experience.
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