Wednesday, May 3, 2017
Fifth Wall Ventures Launches New $212M Real Estate Tech Investment Fund
Venice, California-based Fifth Wall Ventures, a brand new venture capital firm focused on investing in real estate technology, announced this week that it has raised a new, $212M venture capital fund. The limited partners in the new fund include CBRE, Equity Residential, Hines, Host Hotels & Resorts, Lennar, Macerich, and Prologis, along with Lowe's Home Improvement and Rudin Management Company. The new fund said it will look to invest in "innovative start-ups developing technologies that will transform, optimize and democratize" physical space. Fifth Wall Ventures said it has already made $60M in investments, in such companies as b8ta, ClassPass, Clutter, Notarize, Opendoor, States Title and VTS. The new venture firm's managing partners are Brad Greiwe and Brendan Wallace.