Pacaso, the San Francisco-headquartered marketplace for co-owned luxury vacation homes, has expanded its European presence into Italy with the addition of new homes in Florence, Milan and Rome.
In a statement, the company said that it can “provide financing options for qualifying US buyers and partners with leading Italian architects, legal advisors and property management firms, removing the typical stressors of international ownership, from home furnishings to navigating complex international legal and tax requirements.”
Last month, Pacaso announced it reserved the ticker symbol “PCSO” on the Nasdaq Stock Market. Pacaso has raised over $200 million across three equity rounds since its founding in 2020, with prominent investors including SoftBank, Maveron, Greycroft and former Starbucks CEO Howard Schultz.
“Following the tremendous success of our homes in Paris and London, we’re thrilled to expand into Italy, a top European destination for high-net-worth buyers seeking both a second home and the iconic Italian lifestyle,” said Austin Allison, CEO and co-founder of Pacaso. “Our platform offers one-eighth to one-half ownership shares, professional management and turnkey design, without the burdens of traditional ownership.”
