Firm Invested in 25+ New Portfolio Companies, and Celebrated
5 Portfolio Company IPOs
LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- Today, Fifth
Wall, the largest venture capital firm focused on technologies for
the global real estate industry, announced that it raised more than
$1.1 billion across its funds in
2021, underscoring accelerated proptech adoption by the global real
estate industry and the untapped potential for climate tech 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, affiliates of Northwood Investors, NZ Super Fund, PGIM Real
Estate, The Durst Organization, among others. Fifth Wall's network
of strategic limited partners (LPs) currently sits at over 90.
In addition, several of Fifth Wall's existing investors
reinforced their belief in the firm's investment thesis, increasing
their investments in Fifth Wall funds: British Land, CBRE,
Canderel, Cushman & Wakefield, Equity Residential, Granite
Properties, Hines, Hudson Pacific Properties, Ivanhoé Cambridge,
Koch Real Estate Investments, MERLIN Properties, Move, Inc., News
Corp, PulteGroup, SEGRO, among others.
"We're in the Golden Age of proptech with enormous secular
growth demonstrated by the record-breaking amount of capital being
invested into proptech by LPs," said Brendan Wallace, Co-Founder and Managing Partner
at Fifth Wall. "When we started Fifth Wall in 2016, proptech was a
niche VC investment category; yet, real estate was and remains 13%
of US GDP. It's been exciting to witness how the real estate
industry has embraced proptech deployments and we're confident
these forward-looking real estate players will bring this same
mindset to assessing and adopting climate technologies."
During 2021, Fifth Wall invested in 25+ new portfolio companies
and celebrated five IPOs from companies in which it previously
invested, including Procore, Blend, Doma, Hippo, and SmartRent –
SmartRent went public in a merger with Fifth Wall Acquisition Corp.
I (FWAA).
Fifth Wall currently has more than 45 employees – 27 of which
were added in 2021, including the firm's first CMO and several new
partners that were announced in recent months; Jeremy Fox to lead corporate partnerships and
capital markets business after decades working in investment
banking; Mary Hogan Preusse who
joined the firm in October as a Senior Advisor, drawing on her 30+
years of real estate experience; Peter Gajdoš who joined the firm
in September to co-lead the Climate Tech Investment team; and
several other new firm hires across investment and operations.
"We remain committed to growing our consortium-based approach to
venture capital focused on technology for the global real estate
industry, anticipating and facilitating connections among owners
and operators of real estate with the entrepreneurs inventing the
next wave of tech and climate tech innovation," said Brendan.
"Fundraising and capital deployment momentum at Fifth Wall in 2021
offers further validation of our model and the value of
sector-focused venture capital."
About Fifth Wall
Founded in 2016, Fifth Wall, a
Certified B Corporation, is the largest venture capital firm
focused on technology-driven innovation for the global real estate
industry. With approximately $3.0
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. Fifth Wall is backed by a global mix of more than
90+ strategic investors from more than 15 countries, including
Acadia Realty Trust, Arbor Realty Trust, Azora, BNP Paribas Real
Estate, British Land, Camden Property Trust, CBRE, Cosan, Cushman
& Wakefield, D.R. Horton, Equity Residential, Gecina, Gestilar,
GLP, Granite Properties, Hines, Host Hotels & Resorts, Hudson
Pacific Properties, Invitation Homes, Ivanhoé 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, affiliates 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
corporate consortium represents one of the largest groups of
potential partners in the global Built World ecosystem, which can
result in game-changing investments and collaborations in promising
portfolio companies in retail, residential and multi-family,
commercial, industrial, hospitality, and more. For more information
about Fifth Wall, its partners, and portfolio, visit
www.fifthwall.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/fifth-wall-raised-1-1-billion-across-its-funds-in-2021--301453760.html
SOURCE Fifth Wall