CORPORATE
Venture Firm Fifth Wall Raises Record Real-Estate Startup Fund
Wall Street Journal | Dec 13, 2022
CORPORATE
Venture Firm Fifth Wall Raises Record Real-Estate Startup Fund
Wall Street Journal | Dec 13, 2022
Fifth Wall Ventures Management LLC raised the largest-ever venture fund focused on real-estate technology companies, the company said, a sign that some major investors are still bullish on property startups despite this year’s surge in interest rates.
The $866 million fund, which closed on Friday, will invest in both early- and late-stage startups. Annaly Capital Management Inc., Arbor Realty Trust Inc., CBRE Group Inc., Equity Residential and a number of other major real-estate companies invested in the fund.