Vacasa is a North American vacation rental management company founded in 2009 by Eric Breon in Portland, Oregon. The company provides full-service property management for short-term rental homeowners, handling marketing, booking, dynamic pricing, housekeeping, and guest services across roughly 35,000+ properties at peak. Vacasa went public via a SPAC merger with TPG Pace Solutions on December 6, 2021, trading on Nasdaq as VCSA at a ~$4.5B valuation. Following a multi-year decline in unit count, revenue, and share price after the post-pandemic travel boom faded, Vacasa entered a definitive merger agreement with privately held competitor Casago in December 2024. The transaction closed April 30, 2025, taking Vacasa private at $5.30/share and delisting it from Nasdaq on May 1, 2025.
Vacasa has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2009
Employees
5,000–5,500
Total Funding
$640M
5 rounds
Latest Valuation
$4.5B
December 6, 2021
Total raised $640M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-21-2026
Latest Round
Type
SPAC Merger / Public Listing
Date
December 6, 2021
Amount
$400M
Valuation
$4.5B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| December 6, 2021 | SPAC Merger / Public Listing | $400M | $4.5B | TPG Pace Solutions |
| June 2, 2020 | Series D | $108M | — | Silver Lake |
| October 2019 | Series C | $319M | $1B | Silver Lake |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series C
$1B
Oct 2019
Vacasa today
$4.5B
Dec 2021 · latest mark
Vacasa multiple
4.5x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Steve Schwab
CEO (post-merger; Founder & CEO of Casago)
Eric Breon
Founder (former CEO, 2009-2020)
Rob Greyber
Former CEO (Sept 2022 - April 2025; departed at close of Casago merger)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Evolve
Denver-based vacation rental management platform; second-largest North American property manager with ~16,000 rentals and a low 10% management fee model.
AvantStay
Tech-enabled luxury vacation rental manager with 2,300+ properties across 100+ markets and ~$5B AUM, focused on 4+ bedroom group-travel homes.
Sonder
Tech-enabled hospitality operator blending hotel and vacation-rental experience across 40 cities; SPAC-listed and undergoing strategic pivot.
Airbnb
Global vacation rental marketplace; primary distribution channel and an upstream competitor for direct bookings.
Casago
Arizona-based vacation rental management franchise; acquired Vacasa in April 2025 to form one of the largest North American vacation rental platforms.
Vrbo (Expedia)
Expedia Group's whole-home vacation rental marketplace; major distribution channel and competing platform.
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