FIFTH WALL


Associated tags: The Related Companies, Host Hotels & Resorts, BNP Paribas Real Estate, Marriott International, Cushman & Wakefield, Toll Brothers, Ecosystem, Lowe's, Starwood Capital Group, Kimco Realty, CBRE, MGM Resorts International, Wall, Renewable energy, Entrepreneurship, Lennar Corporation, Carbon, LP record

Locations: NEW ZEALAND, CALIFORNIA, UNITED STATES, LONDON, NEVADA, COLORADO, TEXAS, EUROPE, SINGAPORE, GEORGIA, SOUTH AFRICA, AUSTRALASIA, LUXEMBOURG, RENO, MOJAVE, NEW YORK, SAN FRANCISCO, LOS ANGELES, NEW YORK CITY

FIFTH WALL CLOSES OUT STRONG 2023; PROMOTING 10 OF ITS TEAM MEMBERS AND ADDING 14 NEW COMPANIES TO ITS PORTFOLIO

Retrieved on: 
Tuesday, January 30, 2024

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- Fifth Wall—the largest asset manager focused on improving, future-proofing, and decarbonizing the built world—announced that at the end of 2023, the Firm closed an additional $340M into its climate strategy on top of the $500M raised into its inaugural Climate Fund. Additionally, the Firm promoted 10 of its team members and added 14 new portfolio companies. Fifth Wall now has more than 110 strategic Limited Partners across 20 countries—approximately 300 investors worldwide—and in excess of 145 portfolio companies, maintaining its stance as the largest fund to invest globally in Built World Technology, including Property Technology (PropTech) and Climate Technology (Climate Tech).

Key Points: 
  • Additionally, the Firm promoted 10 of its team members and added 14 new portfolio companies.
  • "Fifth Wall helped define PropTech as an investment category and continues to meaningfully drive the sector's growth.
  • Fifth Wall now holds more than 110 PropTech portfolio companies, including Industrious , VERO , VTS , Neighbor , Bilt Rewards , Tailorbird , and WiredScore , amongst others.
  • Fifth Wall is proud to congratulate the following team member on their key 2024 promotions →

Mojave Raises $12.5M from Fifth Wall, At One Ventures, Xerox Ventures to Change the Nature of Air Conditioning

Retrieved on: 
Monday, September 18, 2023

SUNNYVALE, Calif., Sept. 18, 2023 /PRNewswire/ -- Today, Mojave Energy Systems announces its $12.5 million seed round of funding that will be used to launch its third-generation liquid desiccant air conditioning platform.

Key Points: 
  • The novel Mojave product cuts in half the energy required to provide buildings with fresh, cool, and dry outdoor air.
  • The round is co-led by At One Ventures and Fifth Wall with participation from Xerox Ventures and others.
  • "Today the story is about dehumidification, not cooling; in fact, we spend more energy dehumidifying air than we do cooling it.
  • The biocidal properties of its liquid desiccant even purify the air from bacteria and viruses further improving air quality.

Terabase Raises $25M to Accelerate its Digital and Automation Solutions

Retrieved on: 
Wednesday, July 19, 2023

Terabase Energy , the leader in digital and automation solutions for solar power plants, today announced $25 Million in new financing, led by Fifth Wall , the largest asset manager focused on improving, future-proofing, and decarbonizing the built world, with participation from EDP Ventures and existing investors.

Key Points: 
  • Terabase Energy , the leader in digital and automation solutions for solar power plants, today announced $25 Million in new financing, led by Fifth Wall , the largest asset manager focused on improving, future-proofing, and decarbonizing the built world, with participation from EDP Ventures and existing investors.
  • This financing round will be used to support the commercial scale-up of the company’s recently launched Terafab™ construction automation system, the world’s first automated, digital field factory for solar power plant construction.
  • "We are thrilled to drive this round of financing and support Terabase's vision of revolutionizing the solar industry," shared Anastasia Istratova , a Principal on The Climate Technology Investment Team at Fifth Wall.
  • "Matt and his entire team’s innovative approach to automating the construction of today’s solar power plants is truly groundbreaking.

Climate Tech Leader nZero Raises $16M in Series A Funding Amid Global Call for More Accurate Sustainability Reporting

Retrieved on: 
Tuesday, April 18, 2023

RENO, Nev. and LUXEMBOURG, April 18, 2023 /PRNewswire/ -- nZero, the leading near real-time carbon management and accounting platform, today announced that it has closed a $16 million Series A funding round that will enable the company to scale amid a global call for better, more accurate tracking and reporting of energy, financial, and greenhouse gas emissions data across the public and private sectors. The influx of funding arrives as more organizations worldwide strive to use data to implement and reach climate change goals. The round was led by both Fifth Wall—the largest asset manager focused on improving, future-proofing, and decarbonizing the built world—and a national US energy company. Additional investors include Piedmont Capital Investments, Inc. with limited partner Henry Kravis, founder and co-chairman of KKR.

Key Points: 
  • The influx of funding arrives as more organizations worldwide strive to use data to implement and reach climate change goals.
  • Additional investors include Piedmont Capital Investments, Inc. with limited partner Henry Kravis, founder and co-chairman of KKR.
  • Offering continuous 24/7 tracking, nZero captures hour-by-hour emissions changes in an easy-to-use platform to help clients track, manage, and report out their sustainability goals.
  • "nZero is experiencing significant tailwinds and, in turn, unprecedented growth from a global call for improved, more accurate ESG reporting.

Climate Tech Leader nZero Raises $16M in Series A Funding Amid Global Call for More Accurate Sustainability Reporting

Retrieved on: 
Tuesday, April 18, 2023

RENO, Nev. and LUXEMBOURG, April 18, 2023 /PRNewswire/ -- nZero, the leading near real-time carbon management and accounting platform, today announced that it has closed a $16 million Series A funding round that will enable the company to scale amid a global call for better, more accurate tracking and reporting of energy, financial, and greenhouse gas emissions data across the public and private sectors. The influx of funding arrives as more organizations worldwide strive to use data to implement and reach climate change goals. The round was led by both Fifth Wall—the largest asset manager focused on improving, future-proofing, and decarbonizing the built world—and a national US energy company. Additional investors include Piedmont Capital Investments, Inc. with limited partner Henry Kravis, founder and co-chairman of KKR.

Key Points: 
  • The influx of funding arrives as more organizations worldwide strive to use data to implement and reach climate change goals.
  • Additional investors include Piedmont Capital Investments, Inc. with limited partner Henry Kravis, founder and co-chairman of KKR.
  • Offering continuous 24/7 tracking, nZero captures hour-by-hour emissions changes in an easy-to-use platform to help clients track, manage, and report out their sustainability goals.
  • "nZero is experiencing significant tailwinds and, in turn, unprecedented growth from a global call for improved, more accurate ESG reporting.

Emrgy Secures $18M To Scale Renewable Energy Projects Within Water Infrastructure & Launch US Manufacturing

Retrieved on: 
Tuesday, April 11, 2023

Emrgy , a woman-led renewable energy technology and project developer, today announced it has raised $18.4M in a Series A funding round led by Oval Park Capital .

Key Points: 
  • Emrgy , a woman-led renewable energy technology and project developer, today announced it has raised $18.4M in a Series A funding round led by Oval Park Capital .
  • With this capital infusion, Emrgy will deploy distributed hydropower projects, open its new turbine assembly facility in Colorado, and expand its development, operations and engineering teams.
  • Their new projects will be developed in the Western US, Europe, and Australasia and provide power to agricultural, municipal, and utility offtakers.
  • Emrgy has projects in New Zealand and a pilot system in South Africa.

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

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

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 Doubles Down On Its Commitment To The Middle East With The Addition Of Investment Veteran

Retrieved on: 
Tuesday, February 14, 2023

The move signifies the Firm's continued, deep commitment to its numerous investors within the Middle East and its recent first investment in the region in Huspy alongside Sequoia Capital.

Key Points: 
  • The move signifies the Firm's continued, deep commitment to its numerous investors within the Middle East and its recent first investment in the region in Huspy alongside Sequoia Capital.
  • "Since our inception, Fifth Wall has long strived to establish a notable presence in the Middle East, given the breadth of the region's investment in the global real estate industry," said Brendan Wallace , Co-Founder and Managing Partner, Fifth Wall.
  • Prior to joining Fifth Wall, Kirdar led Finance and Investments for International Media Investments, an Abu Dhabi-based quasi-sovereign media and tech investment firm.
  • Since Fifth Wall was founded in 2016, PropTech investment across North America has grown at a compound annual growth rate of 43%, while the Middle East has grown at 4%.

Fifth Wall Doubles Down On Its Commitment To The Middle East With The Addition Of Investment Veteran

Retrieved on: 
Tuesday, February 14, 2023

The move signifies the Firm's continued, deep commitment to its numerous investors within the Middle East and its recent first investment in the region in Huspy alongside Sequoia Capital.

Key Points: 
  • The move signifies the Firm's continued, deep commitment to its numerous investors within the Middle East and its recent first investment in the region in Huspy alongside Sequoia Capital.
  • "Since our inception, Fifth Wall has long strived to establish a notable presence in the Middle East, given the breadth of the region's investment in the global real estate industry," said Brendan Wallace , Co-Founder and Managing Partner, Fifth Wall.
  • Prior to joining Fifth Wall, Kirdar led Finance and Investments for International Media Investments, an Abu Dhabi-based quasi-sovereign media and tech investment firm.
  • Since Fifth Wall was founded in 2016, PropTech investment across North America has grown at a compound annual growth rate of 43%, while the Middle East has grown at 4%.