The company has invested in over 25 new portfolio companies and celebrated 5 portfolio company IPOs
LOS ANGELES, January 4, 2022 / PRNewswire / – Today, Fifth wall, the largest technology-focused venture capital firm for the global real estate industry, announced it has raised more than $ 1.1 billion across its funds in 2021, highlighting the accelerated adoption of proptech by the global real estate industry and the untapped potential of climate technologies in the built environment.
In 2021, the firm welcomed new investors, including Aldar, APG, Arbor Realty Trust, BNP Paribas Real Estate, Bpifrance through the Digital Fund of Funds, Camden Property Trust, Cosan, Gestilar, Invitation Homes, Kimco Realty Corporation, Knight Frank, Meritage Homes, subsidiaries of Northwood Investors, NZ Super Fund, PGIM Real Estate, The Durst Organization, among others. Fifth Wall’s network of Strategic Sponsors (LPs) currently numbers over 90.
In addition, several of Fifth Wall’s existing investors have increased their confidence in the company’s investment thesis, increasing their investments in Fifth Wall funds: British Land, CBRE, Canderel, Cushman & Wakefield, Equity Residential, Granite Properties, Hines, Hudson Pacific Properties, IvanhoÃ© Cambridge, Koch Real Estate Investments, MERLIN Properties, Move, Inc., News Corp, PulteGroup, SEGRO, among others.
âWe are in the golden age of proptech with enormous secular growth demonstrated by the record amount of capital invested in proptech by LPs â, stated Brendan Wallace, co-founder and managing partner of Fifth Wall. âWhen we launched Fifth Wall in 2016, proptech was a niche venture capital investment category; however, real estate represented and remains 13% of US GDP. forward-looking real estate players will bring this same mindset to assessing and adopting climate technologies. “
In 2021, Fifth Wall invested in over 25 new portfolio companies and celebrated five IPOs of companies it had previously invested in including Procore, Blend, Doma, Hippo and SmartRent – SmartRent went public as part of ‘a merger with Fifth Wall Acquisition Corp. I (FWAA).
Fifth Wall currently has more than 45 employees – of which 27 were added in 2021, including the first CMO and several new partners which have been announced in recent months; Jeremy Fox leading corporate partnerships and capital markets activities after decades of working in investment banking; Mary hogan preusse who joined the firm in October as a Senior Advisor, drawing on over 30 years of real estate experience; Peter GajdoÅ¡ who joined the firm in September to co-lead the Climate Tech Investment team; and several other new companies hired in the areas of investment and operations.
âWe remain committed to expanding our technology-driven consortium-based venture capital approach for the global real estate industry, anticipating and facilitating connections between property owners and operators with entrepreneurs inventing the next wave of innovation. technological and climate change, âsays Brendan. âThe momentum of fundraising and capital deployment at Fifth Wall in 2021 offers further validation of our model and the value of industry-driven venture capital. “
About the fifth wall
Founded in 2016, Fifth Wall, a B Certified Company, is the largest technology innovation-driven venture capital firm for the global real estate industry. With about $ 3.0 billion in terms of commitments and capital under management, Fifth Wall connects many of the world’s leading property owners and operators with the entrepreneurs who are redefining the future of the built world. Fifth Wall is backed by a global mix of over 90 strategic investors from over 15 countries including Acadia Realty Trust, Arbor Realty Trust, Azora, BNP Paribas Real Estate, British Land, Camden Property Trust, CBRE, Cosan, Cushman & Wakefield , DR Horton, Equity Residential, Gecina, Gestilar, GLP, Granite Properties, Hines, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, IvanhoÃ© Cambridge, Jamestown, Kimco Realty Corporation, Knight Frank, Lennar, Lowe’s Home Improvement, Macerich, Marriott International, Meritage Homes, MERLIN Properties, MetLife Investment Management, Mitsubishi Estate, MOMENI, News Corp, subsidiaries of Northwood Investors, Nuveen Real Estate, NZ Super Fund, PGIM Real Estate, Pontos Group, Prologis, PulteGroup, Related companies, SEGRO, Starwood Capital, Toll Brothers, Vanke and others. Fifth Wall believes this strategic business consortium represents one of the largest groups of potential partners in the global built world ecosystem, which can lead to groundbreaking investments and collaborations in promising portfolio companies in the sectors of retail, residential and multi-family, commercial, industrial, hospitality, and more. For more information on Fifth Wall, its partners and its portfolio, visit www.fifthwall.com.
SOURCE Fifth Wall