Pacaso Expands To Santa Barbara

San Francisco-based real estate startup Pacaso, which was founded by former Zillow executives Austin Allison and Spencer Rascoff, said this week that it is expanding its platform to Santa Barbara. The startup helps people co-own and buy luxury second homes. Rascoff is based in Los Angeles. According to Pacaso, the company has begun hiring a regional team in the area. Pacaso allows owners to own from 1/8 to 1/2 of a home, and partners with local real estate agents and brokerages. The company recently raised $125M in a Series C funding round led by Softbank’s Vision Fund 2, at a $1.5 billion valuation.