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Fifth Wall Closes $500M Climate Fund

Fifth Wall Closes $500M Climate Fund

Venture capital firm Fifth Wall has closed its $500 million inaugural Climate Fund aimed at investing software, hardware, renewable energy, energy storage, smart buildings and carbon sequestration technologies to decarbonize the $10.5 trillion real estate industry.

The Fifth Wall Climate Fund received LP commitments from American Homes 4 Rent, CBRE, Hilton, Hudson Pacific Properties, MGM Resorts, UDR and several others. 

“Although the real estate industry has been among the largest contributors to greenhouse gases, most real estate organizations have underinvested in the critical climate tech necessary to decarbonize,” said Fifth Wall’s co-founder Brendan Wallace. “The strategic LP’s in our Climate Fund have instead taken a leadership role by making financial commitments to address real estate’s contribution to climate change.”

Thus far, the Climate Fund has invested in several promising tech companies, including Assembly OSM, Brimstone, Clarity AI, Electric Hydrogen, ICON, Sealed, SPAN, Turntide Technologies and Wildcat Discovery Technologies.

Pictured: Fifth Wall’s Brendan Wallace and Greg Smithies

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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