Real estate venture firm Fifth Wall is raising a new $500 million fund called Fifth Wall React, according to a report. Submission of regulations..
The eight-year-old company, led by its co-founder and CEO Brandon Wallace (pictured), has $3.2 billion under management, including raising capital. 866 million dollars By late 2022, the fund was the largest venture fund focused on real estate technology businesses. Let the fifth wall be sealed $500 million fund To invest in real estate climate technology that aims to decarbonize the real estate industry as early as 2022.
The new fund is particularly important as proptech has been challenged by interest rate hikes in 2022. However, The US Federal Reserve's recent decision to cut rates has many investors anticipating a potential rebound.
Fifth Wall's most notable outlets include home seller Opendoor; This includes property insurance Hippo Insurance and smart home technology SmartRent. Fifth Wall did not respond to TechCrunch's request for comment.