Fifth Wall Rakes In $1.1B In Funds In 2021

Los Angeles-based real estate technology investor Fifth Wall said Tuesday afternoon that it raised a total of $1.1 billion across its funds in 2021. The venture capital investor said limited partners in its funds included Aldar, APG, Arbor Realty Trust, BNP Paribas Real Estate, Bpifrance through the digital Fund of Funds, Camden Property Trust, Cosan, Gestilar, Invitation Homes, Kimco Realty Corporation, Knight Frank, Meritage Homes, affiliates of Northwood Investors, NZ Super Fund, PGIM Real Estate, The Durst Organization, and others. The company said it made investments in more than 25 new companies in 2021, with exits at Procore, Blend, Doma, Hippo, and SmartRent.