•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

Fifth Wall is the largest and most active investor in real estate tech (or "PropTech"). Today, the firm's funds represent 64% of capital raised for dedicated PropTech funds. In addition to its PropTech funds, Fifth Wall recently started investing in Climate Tech to decarbonize the global real estate industry, raising $740M across early-stage and growth stage funds. Separately, the firm launched its climate infrastructure strategy led by Alok Sindher. Fifth Wall is also today's largest VC fund that is a certified B Corp.

Since the launch of its first $212M fund in May 2017, Fifth Wall has benefited from the explosive growth of PropTech and Climate Tech, which each now represent some of the largest venture capital categories. The firm became an early investor in many successful PropTech companies including Aurora Solar, VTS, and Lessen which recently acquired SMS Assist in the largest PropTech M&A transaction in history. In addition, Fifth Wall has invested in six companies that have gone public such as Procore-which recently became an investor in the firm's Real Estate Tech Fund III-Opendoor, Blend, Doma, Hippo, and SmartRent-which completed a merger with Fifth Wall-sponsored FWAA in 2021. Nine of the Firm's portfolio companies became unicorns in 2022, including Bilt, Cargomatic, ICON, Material Bank, ONE, SOURCE, Turntide Technologies, Veev, and VTS, totaling more than 25 portfolio companies that have become unicorns since Fifth Wall's inception.

Founded in North America, Fifth Wall has rapidly expanded internationally with its European Fund, London and Singapore offices, and more than 110 strategic Limited Partners who represent some of today's largest real estate owners from 15 different countries such as DAMAC (United Arab Emirates), British Land (United Kingdom), MERLIN Properties (Spain), MITSUBISHI ESTATE CO., LTD. (Japan) and NZ Super Fund (New Zealand), among many others. Fifth Wall boasts strategic Limited Partners from each major asset class across the real estate value chain, including Industrial (Prologis), Retail (Macerich), Multifamily (Camden Property Trust), Single Family (Invitation Homes), Homebuilding (Lennar), Healthcare (Physicians Realty Trust), Hotels (Hilton), Services (CBRE), and Listings (News Corp / Move, Inc.), among others.

"Fifth Wall was fortunate to be one of the first venture funds to identify the secular collision between the two largest industries in the U.S., real estate and technology. Because of our consistent track record of investing in category-leading businesses at this intersection, we have been able to meaningfully participate in fiscal as well as strategic value that has been created in what we today call PropTech," shared Brendan Wallace, Co-Founder and Managing Partner, Fifth Wall. "Our position at the driver's seat in part comes from pioneering a unique model of boasting the largest real estate organizations in the world as our Limited Partners, because they are the biggest customers and end-users of the companies that we are investing in."