Fifth Wall Closes Second Real Estate Venture Capital Fund, at $503M

fifthwallFifth Wall, a Los Angeles, Calif.–based venture capital firm focused on technologies for the global real estate industry, closed its second fund, at $503m.

Fund II, which more than doubled the size of the firm’s initial fund, closed in May 2017 at $212m, was raised from more than 50 corporate strategic investors spanning 11 countries including Gecina in France, MERLIN Properties in Spain, British Land and SEGRO in the UK, Kenedix and Mitsubishi Estate in Japan, Keppel Corporation in Singapore, and many in the United States, including CBRE, Cushman & Wakefield, D.R. Horton, Equity Residential, Essent, Hines, Host Hotels & Resorts, Hudson Pacific Properties, Lennar, Macerich, Marriott International, Metlife Investment Management, News Corp, PulteGroup, Starwood Capital, Related Companies, and Toll Brothers.

These LPs represent large potential customers and partners for the global firm’s ecosystem, resulting in investments and partnerships in promising portfolio companies in retail, residential and multi-family, commercial, industrial, hospitality, and more.

Led by Brendan Wallace, Brad Greiwe, and Andriy Mykhaylovskyy, Fifth Wall Fifth Wall is a venture capital firm focused on proptech for the global real estate industry. The firm has $1 billion capital under management across three funds with investments including Opendoor, Lime, Hippo, VTS, and Industrious, among others.

It has more than 30 employees today.




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