Zillow Co-Founder’s Latest Venture Vaults to Unicorn Status
- Startup offers shared ownership of U.S. residential properties
- San Francisco-based company eyes expansion into East Coast
This article is for subscribers only.
Pacaso, a startup that offers shared ownership of residential properties, has raised $75 million in new capital at a valuation of $1 billion -- just six months since its launch.
The San Francisco-based company, founded by Zillow Group Inc. co-founder Spencer Rascoff and Dotloop founder Austin Allison in October, said it reached so-called unicorn status faster than any other U.S. company.