Vacasa raises $319M, creating a Portland unicorn as it pushes global growth
Vacation rental management company Vacasa raised $319 million from investors in a funding round size not typically seen in the Pacific Northwest, let alone Oregon. It also creates the region's second unicorn company, or a private company valued at more than $1 billion.
“The opportunity that lies ahead of us is enormous, both on the property management and real estate side of the business,” said CEO Eric Breon in a written statement. “We’re seeing an increased number of buyers looking to purchase vacation homes as an investment, with the intent to rent the property.”
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