Fund to Target Investments in High-Potential European Startups, Provide Co-Investing Opportunities Alongside Firm’s North American Funds
LONDON, Feb. 16, 2022 /PRNewswire/ — Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry, announced that it has closed an oversubscribed €140 million for its European Real Estate Technology Fund (European Fund). Like prior Fifth Wall funds, the European Fund attracted the largest owners and developers of real estate, including 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 European Fund aims to accelerate European proptech innovation adoption, replicating the success of Fifth Wall’s previous core North American Real Estate Tech funds. This brings Fifth Wall’s capital under management to approximately $3.0 billion.
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