Thursday, February 17, 2022

Fifth Wall Raises $159M European Fund

Los Angeles-based real estate technology investor Fifth Wall has raised a new, €140 Million ($159M US) fund to invest in European, real estate technology. The company said the new European Real Estate Technology Fund is backed by such investors as Aldar Properties, Azora Capital, BNP Paribas Real Estate, Conren Tramway, DAMAC Group, Gestilar, Inmobiliaria Colonial, Ivanhoé Cambridge, Knight Frank, MERLIN Properties, MOMENI Group, NEINVER, affiliates of Northwood Investors, Pecunia, PGIM Real Estate, Pontos Group, Redevco, SEGRO, and Tramway Capital. The company says it now has approximately $3.0 billion in capital under management. The company said the European Fund will invest in Series A to Series C rounds, and has already made investments in companies such as Clikalia, a Spanish company and Gorillas, an on-demand grocery delivery company.