Pacaso, Inc. (FKA: Landholdings, Inc.) is modernizing the practice of co-ownership by creating a marketplace that makes buying, owning, and selling a second home easy. It is also a component in the Prime Unicorn Index benchmark, the standard bearer for private markets benchmarking.
In September 2021, Pacaso raised $125mm in a Series C Preferred round led by SoftBank, with participation from Fifthwall, Gaingels, and others which valued the company at roughly $1.5 billion on a post-money valuation basis at a preferred price per share of $5.36. On June 26, 2023, it authorized a Series C-3 preferred round at $1.76 per share, dropping the company’s valuation to roughly $510mm. This jeopardizes the company’s status as a unicorn, meaning it may be removed from the Prime Unicorn Index at the end of the next quarter.
The Prime Unicorn Index is the standard for Private Company benchmarking. For more granular data, charting analytics, trends, or to review the actual documents, get started here.