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Fifth Wall Amasses $1.5B of New Proptech Funds

Fifth Wall on Monday announced the close of $1.5 billion of new funds in 2022, including the $866-million Real Estate Tech Fund III, €140-million European Fund and $500-million Climate Fund. Since 2016, Fifth Wall has raised the third-most capital of any venture firm globally ($2.9 billion), according to SEC Form D filings.  

The Los Angeles-based firm is the largest and most active investor in proptech and recently began investing in climate tech to decarbonize the global real estate industry. 

“Fifth Wall was fortunate to be one of the first venture funds to identify the secular collision between the two largest industries in the U.S., real estate and technology,” said co-founder Brendan Wallace. “Because of our consistent track record of investing in category-leading businesses at this intersection, we have been able to meaningfully participate in fiscal as well as strategic value that has been created in what we today call proptech.” 


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Fifth Wall

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).