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    Pacaso, marketplace for co‑owned vacation homes, closed a SEC‑qualified Regulation A+ round, raising $72.5 million from more than 17,500 individual investors. The deal is the largest Reg A+ offering of 2025 and one of only a handful of companies to exceed $70 million, pushing Pacaso’s total equity funding past $300 million and underscoring the growing appetite for real‑estate and equity access.

    “Thousands of people now see a smarter way to own and enjoy a vacation home,” said co‑founder and CEO Austin Allison. “The demand far surpassed our expectations, proving that ownership is more than a trend—it’s a movement. By blending power with backing, we’re making ownership more attainable and meaningful for families and investors.”

    The raise was powered by DealMaker, whose platform enabled Pacaso to reach tens of thousands of prospective investors. “Retail investors can be a valuable source of capital for companies alongside venture capital,” said DealMaker co‑founder and CEO Rebecca Kacaba. “We’re proud to have helped Pacaso engage a broad base of individuals, fueling future growth while offering them a chance to be part of transformative.”

    Pacaso’s milestone builds on recent achievements: a $100 million credit facility with Texas Capital to launch the industry’s first mortgage for co‑ownership; $12.6 million adjusted gross profit in H1 2025 with improving margins and lower cash burn; over $1.2 billion in transactions and service fees; $138 million lifetime gross profit; and expansion into 40+ destinations across U.S., Mexico, and Europe, including London, Paris, Italy, Caribbean.