Fifth Wall, a New York-based venture capital firm focused on technology for the global real estate industry, closed Fund III, at $866m.
Fifth Wall’s Fund III received commitments from existing and new investors across the globe, including Annaly Capital Management, Inc., Arbor Realty Trust, Inc., bpifrance through the Digital Funds of Funds, CBRE, CFG Bank and its wholly owned subsidiary Capital Funding, LLC, Cushman & Wakefield, employees of Northwood Investors, LLC, Equity Residential, Essent, Granite Properties, Hines, Invitation Homes, JBG SMITH Properties, Keppel Corporation, Koch Real Estate Investments, Lineage Ventures, Meritage Homes, The Moinian Group, Move, Physicians Realty Trust, PulteGroup, and Procore. With the support of Fund III limited partners, the firm now boasts over 110 strategic limited partners from more than 15 different countries.
Fifth Wall’s Fund III refers to two discrete vehicles. Fifth Wall Early Stage Ventures, L.P. represents its early-stage venture vehicle, focusing on startups at the seed to series B stage, while Fifth Wall Fund III, L.P. denotes the firm’s late-stage venture vehicle, serving companies at the growth equity or series C stage and beyond.
Founded in 2016, Fifth Wall is a venture capital firm focused on technology for the global real estate industry. With approximately $3.2 billion in commitments and capital under management, Fifth Wall connects many of the world’s largest owners and operators of real estate with the entrepreneurs who are redefining the future of the Built World.
On the heels of its $147m European Real Estate Technology Fund, which closed in February, this new fund brings the firm’s total capital raised toward property technology (“PropTech”) investment to more than $1 billion over the last year. The firm had also announced its inaugural $500m Climate Fund inJuly.
FinSMEs
13/12/2022