The online real estate portal's valuation shot from $1bn to $1.5bn in a series C round led by SoftBank Vision Fund 2.

Telecommunications and internet group SoftBank’s Vision Fund 2 led a $125m series C round yesterday for Pacaso, a US-based real estate platform developer for second homes, at a valuation of $1.5bn.

Greycroft, Global Founders Capital, Crosscut and 75 & Sunny Ventures all returned from previous rounds and were joined by Fifth Wall and Gaingels.

Pacaso’s online platform lists second homes on a co-ownership basis, providing additional property management, financing and interior design services.

The company operates in 25 destinations and…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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