Wednesday, February 26, 2020

Fifth Wall Raises New, $100M Retail Fund

Los Angeles-based venture investor Fifth Wall has raised a new, $100M venture capital fund, which it says will invest in "emerging brands and retail concepts". The new $100M Retail Fund is backed by real estate owners and service providers, including Acadia Realty Trust, Cushman & Wakefield, Macerich, and Nuveen Real Estate. Fifth Wall said this new fund includes more than 50 corporate strategic investors. Fifth Walls aid that its Retail Fund will specifically invest in those emerging brands and retail concepts, to help them "accelerate their brick-and-mortar expansion." Fifth Wall is one of the largest venture capital firms focused on real estate. Among the areas that Fifth Wall says it will focus on is helping current, direct-to-consumer, online brands establish their retail footprint; and example is a current Fifth Wall portfolio cmpany, UNTUCKit, which started as an online-only, ecommerce brand.