Pacaso Hires Razor Suleman as President of Pacaso International and Embarks on Robust Expansion; Appoints Malissia Clinton to Board of Directors
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SAN FRANCISCO, June 29, 2021 / PRNewswire / – Pacaso, the service that helps people buy and co-own luxury second homes, announced today that Razor Suleman has joined the company as President of Pacaso International. In this new role, Suleman will oversee the company’s international expansion. Pacaso currently operates in 20 second home destinations across Europe The United States. Over the next year, Pacaso plans to expand its services Europe, Mexico and Canada.
In 2017, Suleman co-founded the Canadian nonprofit Elevate with Toronto mayor John Tory. Elevate’s annual tech festival has global icons like Michelle Obama, Al Gore and Martha Stewart. Early in his career, Suleman was the founder and CEO of Achievers, a corporate social network focused on employee engagement supported by Sequoia Capital. Achievers was born in 2015 for $ 110 million and is currently owned by Silver Lake Partners. Suleman graduated from Wilfrid Laurier University University of Economics and What is Entrepreneurial Mastery Program.
“Razor is an incredible force in the business world,” said Pacaso CEO and Co-Founder Austin Allison. “From the amazing work he has done with Elevate to the impressive array of companies he has founded like Achievers, which he grew from a simple idea to a global leader in 110 countries, his ingenuity exudes . ” Allison added, “When we started planning our international expansion, we knew we needed someone who wasn’t afraid to think big and who had innovation in their DNA. That is Razor in a nutshell. ”
“I’m incredibly excited about Pacaso’s mission to enrich life by making second homes more fun and enjoyable,” said Suleman. “I am grateful to Austin, Pacaso Co-Founder and Chairman Spencer Rascoff and the Pacaso board for the confidence that I can develop Pacaso into a globally recognized brand. “
Pacaso appoints Malissia Clinton to the board of directors
Today Pacaso also gave the appointment of. known Malissia Clinton to the company’s board of directors. Clinton has considerable executive board experience and over 25 years of experience in a variety of industries including defense, aerospace, intelligence, advanced technology, and healthcare. Clinton is Senior Vice President, General Counsel and Secretary at The angel-based The Aerospace Corporation, the Department of Defense’s preeminent advisor to the space company. At Aerospace, Clinton serves as the C-Suite’s strategic partner on a wide range of transactional and governance issues.
“We are very excited to announce Malissia to our board of directors,” said Allison. “As a highly respected and seasoned executive, Malissia brings significant legal and regulatory experience to this position. We look forward to her important contributions and are so happy to have her on our board of directors.”
“When I heard about Pacaso and this special opportunity, I was amazed at the interesting and timely solutions they are developing and how the company is innovating in various sectors such as real estate, travel and technology,” said Clinton. “I look forward to working with the other board members and bringing my unique experience and perspective to the table.”
Since the introduction of Pacaso in October 2020, over 1.5 million people have visited the Pacaso website. From March 2021, Pacaso raised $ 90 million in Series B funding and achieved a rating of $ 1 billionmaking it the fastest US company to achieve unicorn (i) status.
To learn more about employment opportunities, please visit Pacaso’s careers page.
About Pacaso
Pacaso™ (pronounced like “Picasso”) modernizes the decade-old practice of co-ownership by creating a marketplace that makes it easier to buy, own, and sell a second home. We curate the best listings in the top second home markets, provide integrated finance, provide upscale interior design and furnishings, professionally manage and maintain the home, and develop technology that simplifies the planning of stays. After the purchase, Pacaso acts as a property manager and supports a smooth resale process in cooperation with a licensed real estate professional. For more information, visit www.pacaso.com or download the Pacaso app for Android or iOS.
Pacaso was founded by former Zillo executives Austin Allison and Spencer Rascoff.
(i): Source: In-house company analysis of Crunchbase and PitchBook data comparing unicorn status timelines based on company launch dates.
SOURCE Pacaso
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