Fifth Wall

Fifth Wall invests in technology for the built environment, spanning proptech and climate technology for real estate. Its limited partner base consists largely of real estate owner-operators - approximately 116 strategic LPs across more than 20 countries - who are also potential customers for portfolio companies. The firm has raised separate proptech funds and a dedicated climate fund, and in 2025 was investing through REACT, a vehicle combining proptech and climate opportunities. Its Fund III was structured as a hybrid vehicle covering both early-stage and late-stage investments.

~$3B (commitments and capital under management, per fifthwall.com, 2026) AUM 72/100 Power Score™ 2016 Founded Los Angeles, CA

Proptech Real Estate Climate Fintech

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Signature Exit

SmartRent (SPAC merger with Fifth Wall Acquisition Corp. I, 2021)

Key Partners & Leadership

Brendan Wallace

Chief Executive Officer & Chief Investment Officer

Co-Founder & Chairman

General Counsel & Chief Operating Officer

Chief Financial Officer

Chief Technology Officer

Elise Szwajkowski

Chief Marketing Officer

Firm Timeline

2016

Fifth Wall founded by Brendan Wallace and Brad Greiwe.

2017

Fund I closed at $212M in May 2017.

2019

Fund II closed at $503M, announced July 2019 as the largest real estate venture capital fund raised to date.

2021

SmartRent completed its business combination with Fifth Wall Acquisition Corp. I and began trading on the NYSE in August 2021.

2022

European Real Estate Technology Fund closed at €140M in February 2022.

2022

First climate fund, the Early-Stage Climate Technology Fund, closed at $500M in July 2022.

2022

Real Estate Technology Fund III closed at $866M in December 2022, bringing total capital under management to approximately $3.2B.

2025

Completed 30 investments; CBRE acquired portfolio company Industrious for $800M and the firm exited ServiceTitan following its IPO.

2026

Portfolio company BitGo completed its IPO, the firm's eighth public company.