According to filings with the U.S. Securities and Exchange Commission, Pacas is raising $7,999,979.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Justin Arquilla played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About PacasO
Pacaso is a service that creates a more accessible category of second-home ownership. The company helps people buy and own a second home through a property-specific LLC, and reduces the cost and hassle of ownership. Pacaso manages the property and uses proprietary technology to make scheduling easy. Pacaso was founded by Zillow executives, including co-founder and former CEO Spencer Rascoff and founder and former CEO of dotloop, Austin Allison. The company raised $17 million in Series A funding from leading venture capital firms such as Maveron, Crosscut and Global Founders Capital. Additionally, Pacaso has secured $250 million in debt financing to purchase shares of homes.

To learn more about Pacas, visit http://www.pacaso.com/

Contact:
Justin Arquilla, Chief Executive Officer
323-598-0084

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