Fifth Wall, a venture capital firm focused on technology for the global real estate industry, has held the final close of its Real Estate Technology Fund III at $866 million.Â
Fifth Wall, a venture capital firm focused on technology for the global real estate industry, has held the final close of its Real Estate Technology Fund III (Fund III) at $866 million.
Including the $147 million European Real Estate Technology Fund, which closed in February, this brings the firm’s total capital raised for proptech investment to more than $1 billion over the last year.
Fifth Wall’s Fund III comprises two distinct elements – Fifth Wall Early Stage Ventures, an early-stage venture vehicle, focusing on startups at the seed to series B stage, and Fifth Wall Fund III, a late-stage venture vehicle, serving companies at the growth equity or series C stage and beyond.
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 and PulteGroup, among others.
