Pacaso is a property broker that buys single-family homes and sells them to consortiums of buyers.
[4][2][3] Austin Allison and Spencer Rascoff, ex-Zillow executives, co-founded the start-up in October 2020[4] in Silicon Valley, California.
[5] Pacaso’s valuation rose to $1.5 billion in September 2021 following a $125 million funding round led by SoftBank Group.
[7][8][9] Pacaso operates by purchasing residential properties and then selling shares of the home to up to eight buyers.
[10] The company had to sell a house it had purchased in Napa after community opposition.