Fifth Wall Ventures, a Los Angeles, CA-based venture capital firm focused on real estate technology solutions, closed its first fund, at $212m.
Limited Partners are influential owners and operators of real estate in the world, representing more than $640 billion of real estate and over 7 billion square feet across every major sector of the industry, including: CBRE, Equity Residential, Hines, Host Hotels & Resorts, Lennar, Macerich, and Prologis, Lowe’s Home Improvement and Rudin Management Company.
Alongside $28M in Special Purpose Vehicles, Fifth Wall today has $240m assets under management.
Co-founded by Managing Partners Brad Greiwe and Brendan Wallace, Fifth Wall will invest in transformative technologies for what the firm calls the “Built World”, which according to a post, encompasses more than buildings, representing an entire ecosystem of the companies who own and operate physical space, and the innovative startups developing technologies that will innovate, transform, optimize and democratize access to these spaces.
The firm has already invested $60m in companies such as b8ta, ClassPass, Clutter, Notarize, Opendoor, States Title and VTS.
Beyond Greiwe and Wallace, Fifth Wall’s team includes:
Andriy Mykhaylovskyy, Principal & COO,
– Adam Demuyakor, Senior Associate,
– Roelof Opperman, Senior Associate,
– Vik Chawla, Senior Associate,
– Michael New, Analyst,
– Luke Williams, Analyst, and
– Katherine Feigin, Administrative Director.
FinSMEs
04/05/2017