Trends

Fifth Wall Ventures raises $503M for second real estate fund

Fifth Wall Ventures, an investor in Clutter, b8ta, ClassPass, Lime and others, has raised $503 million for its sophomore venture capital fund.

The firm, which closed on $212 million for its debut fund in May 2017, prefers to invest in the burgeoning real estate industry but has made opportunistic investments in other sectors.
The Los Angeles firm counts real estate owners as limited partners, as well as a number of global partners including U.S.-based Cushman & Wakefield, Japan’s Mitsubishi Estate, and the U.K.s’ British Land and SEGRO.

“Fifth Wall sees powerful network effects in our unique fund model as it becomes a centralized platform for the world’s largest real estate companies to share insights and access new technologies to enhance their businesses,” Fifth Wall managing partner Brendan Wallace said. “For our entrepreneurs, Fifth Wall efficiently opens distribution channels for their products to more than 50 corporate strategic investors globally and we have dedicated a team to support the success of those partnerships and integrations.”

Source: TechCrunch

Follow Us On Facebook, Twitter & Instagram Please Share Your Stories, Press Release & Articles At [email protected]. To Read More News Daily, Subscribe To Our Push Notification at https://www.inventiva.co.in/
This article is automatically sourced by automatic news feeds through online softwares, Inventiva team has not made any modifications and adjustments in the article and is published as it is after giving due credits to its original source.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker