Skip to main content

Fifth Wall Ventures launches new real estate tech investment fund


Fifth Wall Ventures, a venture capital firm that frequently puts money toward real estate tech, is raising even more funds toward new startups.

Fifth Wall Ventures Retail Fund, a new investment fund, has already raised $60 million from two unidentified investors in an offering valued at $200 million, according to an SEC filing issued May 8, first reported by The Real Deal.

Fifth Wall co-founder Brendan Wallace spoke about the investment strategy during the International Council of Shopping Centers ReCon Convention in Las Vegas last week, according to the publication. A spokesperson failed to respond to several emails from Inman seeking information about the new fund.

The firm, which has previously raised over $212 million from real estate behemoths including the homebuilder Lennar and Prologis, has already invested in startups like the iBuyer Opendoor, and Notarize, a real estate startup working toward digitalizing home closings, a process now largely handled by title and lending companies.

In February, Fifth Wall placed a major bet on Harbor, a startup that helps consumers learn which cryptocurrencies are adhering to federal regulations and laws. Putting funding toward startups developing estate tech, in particular those that aim to modernize the way people currently buy and sell properties, would fall in line with Fifth Wall’s investment portfolio.

Based in Los Angeles, Fifth Wall was launched by Wallace and co-founder Brad Greiwe in 2016 and has become a key backer of companies that use tech to solve real estate problems.

Real estate blockchain and cryptocurrency explained

The key concepts and applications you need to know READ MORE

Email Veronika Bondarenko

Article image credited to Photo Credit Helloquence on Unsplash.


Fifth Wall Ventures launches new real estate tech investment fund curated from Inman

Comments

Post a Comment

Popular posts from this blog

The Ultimate Guide To Family Law

Introduction The government has always had a fascination with families and the contract of marriage. State legislatures have passed many laws regulating the requirements for getting married and for obtaining a divorce. In addition, today’s laws also affect couples who live together outside of marriage. It is hard to give simple answers to many of the legal questions that a person may have about marriage, parenthood, separation, or divorce because the laws change and vary from one state to another. In addition, judges in different states with identical laws may decide cases with similar facts in different ways. This article describes the laws and court rulings common to most states. If you have other questions, please contact a lawyer in your state. You may also wish to contact a specialist. Many lawyers (particularly in urban areas) work only on family law or make it a large part of their general practice. Lawyers specializing in family law also may refer to themselves as specialist...
Post a Comment
Read more

When And How To Use a Lawyer

Introduction Almost everything we dofrom making a purchase to driving a car, to interacting with others is affected by the law in some way, shape or form. While it often seems hard to live with the law, it would surely be harder to live without it. In our country, the law is, in a real sense, the people’s law. It is part of the democratic heritage of Americans. The availability of the law does, however, reveal a bewildering variety of choices. When do you need a lawyer? When can (or should) you handle a matter on your own? The purpose of this chapter is to help you make the best choices. There are many legal situations that you can and should handle on your own, without the assistance of a lawyer. However, when circumstances and laws are unique, complicated, or confusing, you may need a lawyer’s guidance. You also may need a lawyer’s services when you are so close to a problem that you are unable to see your way through to a proper solution. While this chapter does not examine spec...
Post a Comment
Read more

The 20 best real estate memes of 2018

All real estate agents have experienced the stress of making cold calls, organizing open houses, managing overly-demanding clients, conducting negotiations and clawing through closing day. All of these situations can bring even the most seasoned agents to the edge, so taking a little time to laugh (even if it’s just to keep from crying) is a surefire way to relieve stress and remind yourself that you’re not the only one struggling to keep the sellers away during the inspection. Take a look at the 20 best real estate memes we saw this year, and keep one or two on hand when your buyer asks if they can cut your commission.     Photo credit: @REprobz   What the luxury customer will demand in 2019 Prepare for the coming year in real estate with these tips from leading experts READ MORE   Photo credit: @rashelyadegari_loanofficer     Photo credit: @danshearealtor     Photo credit: @cbkg_realestate     Photo c...
Post a Comment
Read more