Fifth Wall (firm)

VERO, The Modern Leasing Platform For Owners And Renters, Announces $9M Series B Funding Round Led By Fifth Wall

Retrieved on: 
Tuesday, April 11, 2023
The Writing on the Wall, Insurance, Employment, Fifth Wall (firm), NAV, Cryptocurrency, Lease

NEW YORK, April 11, 2023 /PRNewswire/ -- VERO, the modern leasing platform for owners and renters, announced its most recent funding round led by Fifth Wall—the largest asset manager focused on improving, future-proofing, and decarbonizing the built world. This capital brings VERO's total funds raised to-date to $26.7 million and will help to deepen VERO's tech stack — optimizing the owner and renter experience.

Key Points: 
  • Since VERO's inception in 2018, the company has increased its transaction volume 500% annually, and grown its revenue 130% quarter-over-quarter.
  • "Mitigating lease application fraud is paramount to ensuring owners' fiscal security and enhancing trust between owners and tenants.
  • It is shepherding in a new generation of leasing — enabling renters to get approved faster and allowing owners to make data-driven decisions."
  • VERO solves for both issues simultaneously with its best-in-class infrastructure using fraud-proof screening solutions within one centralized platform.

SOLARCYCLE Raises $30M to Scale Advanced Recycling for the Solar Industry

Retrieved on: 
Wednesday, March 15, 2023
Silicon, Research, Copper, Silver, Recycling, The Writing on the Wall, C&I, Cherokee heritage groups, Investment, SunPower, Aluminium, Growth, Solar energy, Fifth Wall (firm), Sunrun, Glass, Heritage, Entrepreneurship, Renewable energy, Amazon

SOLARCYCLE's recycles and returns 95% of all the valuable materials in a solar panel back into the solar value chain.

Key Points: 
  • SOLARCYCLE's recycles and returns 95% of all the valuable materials in a solar panel back into the solar value chain.
  • The funds, consisting of both company equity and infrastructure financing, will be used to scale the company's growth in solar panel recycling capacity and expand materials remanufacturing capabilities.
  • Experts in panel manufacturing, advanced recycling, and climate technology founded SOLARCYCLE in 2022 to create a more sustainable, domestic supply chain for the solar industry.
  • "I spent nearly twenty years in the solar industry, helping grow two large solar companies from scratch.

Fifth Wall Expands Mandate of Its Climate Business to Include Infrastructure

Retrieved on: 
Thursday, January 19, 2023
Hydrogen, Climate change, Wharton School of the University of Pennsylvania, Partner, Master, Parker Hannifin, Fifth Wall (firm), Vermont Energy Investment Corporation, U.S. Department of Defense Strategy for Operating in Cyberspace, Defense, APCO Worldwide, Barnard College, Computer science, Stanford University, Green Climate Fund, APCO, Head, Carbon, CO2, Columbia University, Global Business Coalition, Master of International Affairs, Roadrunner, ESG, J.P. Morgan & Co., The Department, Wall, D.E. 7th, MBA, Investment, Science, J. P. Morgan, Sustainability, Financial services, Renewable energy, Seal, SPAN, Climate

NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Fifth Wall—the largest asset manager focused on decarbonizing the real estate industry—has hired Alok Sindher as a Partner to expand the mandate of its Climate business to include infrastructure investing alongside the Firm's leading venture and growth equity business. The Firm also added Heather McGeory as Head of Climate & ESG Partnerships to bolster the Firm's ESG and decarbonization strategies.

Key Points: 
  • NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Fifth Wall —the largest asset manager focused on decarbonizing the real estate industry—has hired Alok Sindher as a Partner to expand the mandate of its Climate business to include infrastructure investing alongside the Firm's leading venture and growth equity business.
  • Thus far, the Firm's climate investment strategy has been primarily focused on taking non-controlling venture and growth equity stakes in promising startups.
  • With the addition of Sindher, Fifth Wall will now be able to invest in renewable energy infrastructure, decarbonization services, and project finance, in addition to debt securities and majority equity stakes in companies.
  • "Fifth Wall has firmly established itself as today's leading venture and growth equity investor in emerging technologies to decarbonize the global real estate industry," said Brendan Wallace , Co-Founder & Managing Partner, Fifth Wall.

Mobile Infrastructure Corporation To Be Publicly Listed In Merger With Fifth Wall Acquisition Corp. III

Retrieved on: 
Tuesday, December 13, 2022
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Corporation, Keating, MIC, Exercise, Risk, Proxy, Present value of growth opportunities, COVID-19, PIPE, LLP, IPO, MSAS, Sale, Entrepreneurship, Growth, Failure, Security (finance), Gibson, Dunn & Crutcher, Person, Management, 8-K, Partner (business rank), Form, Central Park, Investment, Venable LLP, SPAC, Acquisition, Walton Street Capital, Wall, Projection, Communication, Annual report, Prospectus, Reading, Public expenditure, Fifth Wall (firm), Financial services, Risk management, Bank, Retail, Financial adviser, Part Two

Brad Greiwe , Co-Founder and Managing Partner at Fifth Wall, shared, Fifth Wall has long evaluated the landscape of parking owner-operators and the technologies applicable to those businesses.

Key Points: 
  • Brad Greiwe , Co-Founder and Managing Partner at Fifth Wall, shared, Fifth Wall has long evaluated the landscape of parking owner-operators and the technologies applicable to those businesses.
  • This document relates to the proposed merger involving Fifth Wall Acquisition Corp. III ("FWAC") and Mobile Infrastructure Corp. ("MIC").
  • FWAC is sponsored by Fifth Wall Acquisition Sponsor III LLC (the "FWAC Sponsor"), which is an affiliate of Fifth Wall.
  • However, FWAC is an independent publicly-traded company, and not a member of Fifth Wall or the Fifth Wall Group.

Electric Hydrogen Secures $198M in Financing to Decarbonize Global Industries With Fossil-Free Hydrogen

Retrieved on: 
Wednesday, June 22, 2022
Other Energy, Natural Resources, Alternative Energy, Energy, Steel, Chemicals, Plastics, Mining, Minerals, Manufacturing, Hydrogen, GHG, Water, Climate Pledge Arena, Carbon, Honeywell, Amazon, Ammonia, Technology, Tesla, CEO, Silicon, Climate, Fifth Wall (firm), Wall, Mitsubishi Heavy Industries, Engineering, Steel, First Solar, Electricity, Silicon Valley Bank, Mining, Breakthrough Energy, Steiner's Taxonomy of Tasks, Transport, Climate Investment Funds, Electrolysis, Renewable energy

Electric Hydrogen (EH2) today announced a $198 million financing to support their efforts in making cost competitive fossil-free hydrogen.

Key Points: 
  • Electric Hydrogen (EH2) today announced a $198 million financing to support their efforts in making cost competitive fossil-free hydrogen.
  • Strategic investors included Amazons Climate Pledge Fund, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries, and Rio Tinto.
  • We are pleased to announce the investment in Electric Hydrogen as they scale up green hydrogen production to GW-scale, said Gareth Burns, Head of Equinor Ventures.
  • Electric Hydrogen (EH2) is a deep decarbonization company pioneering new technology for low-cost, high-efficiency, fossil-free hydrogen systems.

EVER/BODY ANNOUNCES $55.5M IN SERIES C FUNDING AND SIX NEW LOCATION OPENINGS IN 2022 TO ACCELERATE NATIONWIDE EXPANSION

Retrieved on: 
Thursday, June 9, 2022
Acceleration, Tiger Global Management, Goal, Program, Curriculum, Beauty, CEO, Female, Technology, Industry, Education, Fifth Wall (firm), Medicine, Risk management, Washington Metro

NEW YORK, June 9, 2022 /PRNewswire/ -- Ever/Body, a female-led beauty and wellness company transforming the cosmetic dermatology industry, today announced it raised $55.5M in Series C funding.

Key Points: 
  • NEW YORK, June 9, 2022 /PRNewswire/ -- Ever/Body , a female-led beauty and wellness company transforming the cosmetic dermatology industry, today announced it raised $55.5M in Series C funding.
  • The funding will be used to support national expansion, further advancements in technology, and the acceleration of a proprietary education program for providers.
  • Ever/Body's Series C funding brings the company's total capital raised to over $100M since its launch in September 2019.
  • The company, part of the Redesign Health portfolio, is led by CEO Amy Shecter and features a predominantly female leadership team.

Cottage Closes $15m Series A led by Fifth Wall

Retrieved on: 
Wednesday, April 6, 2022
Headache, Host Hotels & Resorts, Kimco Realty, Starwood Capital Group, Growth, ADU, Marriott International, Cushman & Wakefield, Fifth Wall (firm), CEO, The Related Companies, Secondary suite, LP record, Wall, Industry, Technology, Lowe's, BNP Paribas Real Estate, Time, Toll Brothers, San Francisco Bay Area, SAN, Founder CEO, Playing card suit, CBRE, Building, Cottage, Lennar Corporation

SAN FRANCISCO, April 6, 2022 /PRNewswire/ -- Today Cottage, a software platform and marketplace that unites homeowners and contractors to build Accessory Dwelling Units (ADUs), announced that it has closed $15 million in Series A funding. Fifth Wall led the round, with participation from 1Sharpe Ventures, DivcoWest and existing investors Susa Ventures and Base10 Partners. As part of this round of financing, Fifth Wall's Dan Wenhold will join Cottage's board of directors.

Key Points: 
  • Fifth Wall led the round, with participation from 1Sharpe Ventures, DivcoWest and existing investors Susa Ventures and Base10 Partners.
  • Cottage enables homeowners to design and manage their ADU projects online while ensuring delivery through a curated marketplace of contractors.
  • By digitizing the end-to-end process, Cottage saves homeowners months of time and thousands of dollars without sacrificing the ability to customize.
  • "What's so exciting about Cottage is that its offering is mutually beneficial to both homeowners and builders," said Dan Wenhold, Partner at Fifth Wall.

PropBidder Secures Seed Round With Google Chairman And Lightspeed

Retrieved on: 
Tuesday, February 22, 2022
Entrepreneurship, Software as a service, Growth, Coldwell Banker, CTO, Irvine Company, Michael, Lightspeed Venture Partners, Bank of America, Acquisition, Bank, Sequoia Capital, CBRE, RE/MAX, Stanford University, Sotheby's, Fifth Wall (firm), CEO, Century, Nordstrom, Financial services, Real estate, Google, Compass, Shutterstock

Institutional involvement came primarily through scout investment programs, and the startup plans to raise an additional institutional led round sometime over the next year.

Key Points: 
  • Institutional involvement came primarily through scout investment programs, and the startup plans to raise an additional institutional led round sometime over the next year.
  • "We're thrilled to have the support of our investors and real estate agent customers as we enter our next phase of growth."
  • As the initial project developed into a viable startup business, PropBidder was born in Summer 2020.
  • PropBidder is based in Denver, Colorado, with offices in Orange County and San Francisco, California.

1Sharpe Ventures Welcomes Ginny Miller to the Leadership Team

Retrieved on: 
Tuesday, February 15, 2022
Finance, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Property, Fifth Wall (firm), Harvard University, Harvard Business School, Friction, LP, Miller, Technology, Capital, Engineering, Knowledge, Investment, Multimedia, MBA, Apple, Financial services, Management, Venture

1Sharpe Ventures, a venture capital firm backing founders in real estate and proptech, today announced Ginny Miller will oversee investment strategy and execution including leading new investments, supporting founder and LP relationships, and managing fund operations to grow and strengthen the 1Sharpe Ventures platform.

Key Points: 
  • 1Sharpe Ventures, a venture capital firm backing founders in real estate and proptech, today announced Ginny Miller will oversee investment strategy and execution including leading new investments, supporting founder and LP relationships, and managing fund operations to grow and strengthen the 1Sharpe Ventures platform.
  • View the full release here: https://www.businesswire.com/news/home/20220215005570/en/
    1Sharpe Ventures Welcomes Ginny Miller to the Leadership Team (Photo: Business Wire)
    Ginnys background in engineering and business, combined with her passion and knowledge about all things real estate makes her a terrific fit for the organization, said Gregor Watson, 1Sharpe Ventures managing partner and founder of 1Sharpe Capital.
  • 1Sharpe Ventures backs early-stage teams building scalable, category-defining businesses that transform how we experience, own, and invest in real estate.
  • 1Sharpe Ventures invests in founders eliminating friction in how people and companies transact and experience the built world.

Fifth Wall Raised $1.1 Billion Across its Funds in 2021

Retrieved on: 
Tuesday, January 4, 2022
Fifth Wall (firm), Initial public offering, CBRE, Lowe's, GLP, Host Hotels & Resorts, LOS, Finishing Move Inc., LP record, Camden Property Trust, Senior advisor, Equity Residential, Mitsubishi Estate, Built environment, SEGRO, The Related Companies, Marriott International, VC, Wall, APG, Fund of funds, Hippopotamus, Blend, Hines, Invitation Homes, Durst Organization, PulteGroup, Partner (business rank), Starwood Capital Group, Property, Toll Brothers, CMO, Entrepreneurship, Adoption, News Corp, Meritage Homes Corporation, Kimco Realty, Technology, Golden Age, Cushman & Wakefield, BNP Paribas Real Estate, Multimedia, Industry, Investment, Merlin Properties, FWAA, Financial services, Renewable energy, Real estate, Commercial property, Procore, Azora, the Daughter of Montezuma, Lennar Corporation

LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- Today, Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry, announced that it raised more than $1.1 billion across its funds in 2021, underscoring accelerated proptech adoption by the global real estate industry and the untapped potential for climate tech in the Built Environment.

Key Points: 
  • "When we started Fifth Wall in 2016, proptech was a niche VC investment category; yet, real estate was and remains 13% of US GDP.
  • During 2021, Fifth Wall invested in 25+ new portfolio companies and celebrated five IPOs from companies in which it previously invested, including Procore, Blend, Doma, Hippo, and SmartRent SmartRent went public in a merger with Fifth Wall Acquisition Corp.
  • "Fundraising and capital deployment momentum at Fifth Wall in 2021 offers further validation of our model and the value of sector-focused venture capital."
  • Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology-driven innovation for the global real estate industry.